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China's inflation increases 4.5% in January
By Wang Qingchu |
February 9, 2012, Thursday
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Online Edition
Online Edition
The Consumer Price Index, the main gauge of inflation, grew 4.5 percent from a year ago in January, the National Bureau of Statistics said today on its website.
The pace was slightly up from December's 4.1 percent.
Food costs, accounting for nearly a third of the basket, rose an annual 10.5 percent in January, higher than the 9.1 percent recorded in the previous month.
The Producer Price Index, a factory-gate measurement of inflation and a harbinger of future CPI, expanded 0.7 percent from a year earlier in January, compared to 1.7 percent in December.
China's CPI settled at an annualized 5.4 percent in 2011, far above the 4 percent target set at the beginning of last year.
The pace was slightly up from December's 4.1 percent.
Food costs, accounting for nearly a third of the basket, rose an annual 10.5 percent in January, higher than the 9.1 percent recorded in the previous month.
The Producer Price Index, a factory-gate measurement of inflation and a harbinger of future CPI, expanded 0.7 percent from a year earlier in January, compared to 1.7 percent in December.
China's CPI settled at an annualized 5.4 percent in 2011, far above the 4 percent target set at the beginning of last year.
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