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
...
特克斯县| 曲阜市| 且末县| 房山区| 东乌珠穆沁旗| 乐安县| 顺平县| 万盛区| 泰顺县| 洛南县| 黄山市| 礼泉县| 公主岭市| 织金县| 苏尼特右旗| 丁青县| 宿迁市| 长寿区| 镇坪县| 根河市| 修水县| 石阡县| 科技| 固镇县| 蒙山县| 改则县| 平乡县| 青田县| 团风县| 郁南县| 盐津县| 宁陕县| 五家渠市| 沈阳市| 霍山县| 遂川县| 巴东县| 长沙市| 湖北省| 嘉鱼县| 神农架林区|