国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / China Data

China February consumer prices up 2.3%, hitting 19 months high

(Xinhua) Updated: 2016-03-10 10:06

=China February consumer prices up 2.3%, hitting 19 months high

BEIJING - China's consumer prices grew 2.3 percent in February from one year earlier, up from January's 1.8 percent, official data showed on Thursday.

The reading beat expectations as economists from the Bank of Communications and China Merchants Bank forecast a 1.8-percent year-on-year increase for February.

The consumer price index (CPI), a main gauge of inflation, grew 1.6 percent month on month, the National Bureau of Statistics (NBS) said in a statement.

HSBC analyst Qu Hongbin attributed the higher-than-expected CPI growth largely to high food inflation.

Food prices, which account for one-third of the CPI calculation, soared 7.3 percent year on year while non-food inflation edged up 1 percent.

Pork prices jumped sharply by 25.4 percent year on year, contributing 0.59 percentage point of CPI growth, while vegetable prices skyrocketed by 30.6 percent, accounting for 0.86 percentage point of CPI growth.

NBS statistician Yu Qiumei said that vegetable and pork prices went up due to supply shock during a cold in February and demand for pork and transportation rose around the Lunar New Year holiday, while service prices had increased along with labor costs.

Since this January, CPI data has been based on a new comparison base that takes into account new products and services, reflecting a change in the consumption pattern, according to the NBS. The adjustment slightly tuned down the weight of food.

China's producer price index (PPI), which measures wholesale inflation, dropped for the 48th consecutive month to 4.9 percent year on year in February, narrowing from the 5.3-percent drop in January and 5.9-percent in December.

Qu attributed the easing contraction to stabilizing commodity prices during the period.

Month on month, producer prices in February edged down 0.3 percent.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
会宁县| 襄樊市| 扬中市| 武强县| 银川市| 南召县| 张家口市| 房山区| 阳江市| 灵寿县| 宜章县| 福鼎市| 西吉县| 甘南县| 大方县| 关岭| 肇庆市| 罗城| 临海市| 钟山县| 巩留县| 林西县| 新乡县| 乐都县| 深州市| 阿城市| 南康市| 昭平县| 荥经县| 得荣县| 铜川市| 三都| 和田市| 云林县| 阿勒泰市| 寿阳县| 新巴尔虎左旗| 出国| 麦盖提县| 博野县| 北京市|