Related News
Food price increases drive China's inflation to 10-month high
Source: Xinhua |
March 9, 2013, Saturday
|
Online Edition
Online Edition
CHINA'S annual consumer inflation rebounds to a 10-month high of 3.2 percent in February on accounts of rising food prices during the Spring Festival season, data from the National Bureau of Statistics (NBS) data showed today.
On a month-on-month basis, February's CPI gained 1.1 percent from the previous month, according to the NBS statement.
Food prices, accounting for nearly one-third of weighting in China's CPI, remained a key driver of inflation in February as the Spring Festival season, which fell within that month, pushed up demands.
The NBS statement said food prices jumped 6 percent last month from the same period last year, propelling the CPI up by 1.98 percentage points.
But the upward trend is unlikely to sustain as the holiday effect fades off and the warming weather will help supplies, the NBS said, suggesting the CPI growth will ease this month.
In Tuesday's government report, Premier Wen Jiabao said China aims to hold this year's consumer price growth to around 3.5 percent.
In 2012, China's CPI grew 2.6 percent, well below the year's 4-percent control target.
On a month-on-month basis, February's CPI gained 1.1 percent from the previous month, according to the NBS statement.
Food prices, accounting for nearly one-third of weighting in China's CPI, remained a key driver of inflation in February as the Spring Festival season, which fell within that month, pushed up demands.
The NBS statement said food prices jumped 6 percent last month from the same period last year, propelling the CPI up by 1.98 percentage points.
But the upward trend is unlikely to sustain as the holiday effect fades off and the warming weather will help supplies, the NBS said, suggesting the CPI growth will ease this month.
In Tuesday's government report, Premier Wen Jiabao said China aims to hold this year's consumer price growth to around 3.5 percent.
In 2012, China's CPI grew 2.6 percent, well below the year's 4-percent control target.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
