Current location:Stellar Stream news portal > world
China's consumer price index rises
Stellar Stream news portal2024-05-22 10:43:07【world】9People have gathered around
IntroductionBy Ouyang Shijia (Chinadaily.com.cn) 15:46, April 11, 2024China's consumer prices rose at a slower p
China's consumer prices rose at a slower pace in March, while the decline in factory gate prices widened, official data showed on Thursday.
The country's consumer price index, a main gauge of inflation, rose by 0.1 percent year-on-year in March, cooling from the 0.7 percent annual gain in February, the National Bureau of Statistics said.
NBS data showed the slower growth of consumer prices is mainly due to the fluctuations in food and travel prices.
Within the CPI, food prices dropped 2.7 percent year-on-year in March after a 0.9 percent annual contraction in February. The prices of pork - a staple for Chinese dinner tables – declined 2.4 percent in March following a 0.2 percent rise in February.
Notably, the growth in travel prices narrowed from 23.1 percent in February to 6 percent in March. Airline ticket prices dropped by 14.7 percent in March versus a 20.8 percent gain in the previous month.
On a month-on-month basis, the CPI dropped by 1 percent versus a 1 percent rise in February.
The growth in core CPI, which excludes volatile food and energy prices and is deemed a better gauge of the supply-demand relationship in the economy, rose by 0.6 percent year-on-year in March after a 1.2 percent rise in February.
Dong Lijuan, an NBS statistician, attributed the slower CPI growth to factors including declining post-holiday consumer demand and a well-stocked market, while the PPI declined due to the resumption of industrial production after the Spring Festival holiday as well as the sufficient supply of industrial products.
China's producer price index, which gauges factory-gate prices, dropped by 2.8 percent from a year ago in March, following a 2.7 percent fall in February, the NBS said.
On a month-on-month basis, the PPI dipped by 0.1 percent in March after a 0.2 percent drop in February according to the NBS.
Address of this article:http://lithuania.popular-vines.com/content-38f999882.html
Very good!(41457)
Related articles
- Syrian first lady Asma Assad diagnosed with leukemia, president's office says
- What DO cicadas do? Everything you need to know about sex
- Real Madrid wins the Spanish league after Barcelona loses at Girona
- A look back at all the times Margot Robbie has served as a bridesmaid
- Russia begins nuclear drills in an apparent warning to West over Ukraine
- King Charles bursts into laughter as high
- Teyana Taylor looks fierce in towering platform boots while carrying a jeweled camera
- Cavaliers C Jarrett Allen ruled out for Game 6 of first
- Clark signs deal with Wilson Sporting Goods for signature line
- A Chinese driver is praised for helping reduce casualties in a highway collapse that killed 48
Popular articles
Recommended
Vikings seek new deal with Justin Jefferson; star WR absent so far from workouts, AP source says
Home favorite Jannik Sinner withdraws from the Italian Open because of hip injury
Troyes fans and players throw flares at each other after 2nd
Kathryn Newton is ultra chic in head
Tennessee latest state to mandate automatic defibrillators at high schools
Sia files to legally change her name one year after marrying second husband Dan Bernad
Victoria Beckham shares pictures from husband David's 49th birthday at Cantonese restaurant
Family tree reveals Taylor Swift is a descendant of French King Louis XIV
Links
- Australian PM demands accountability for citizen's death in Gaza
- Connor McDavid becomes 4th in NHL history with 100 assists as the Oilers rout the Sharks 9
- Industry insiders say China indispensable to global supply chain
- 4 dead, 97 injured in 7.3
- More innovation urged in fight to end tuberculosis
- St. Petersburg tightens security measures after Moscow terrorist attack
- 'Love in Nanning' concert unites singles for a romantic evening
- Death toll from Moscow terror attack rises to 93
- Bernd Hölzenbein, World Cup winner with West Germany in 1974, dies at 78
- Customs authorities intercept gold smugglers