Current location:entertainment >>
China's consumer price index rises
entertainment5587People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Weaves news portal”。http://ukraine.fidosfortywinks.com/article-49e199870.html
Related articles
There's spring in real estate recovery
entertainmentEmployees introduce a residential project to visitors during the 2023 Weifang Real Estate Expo held ...
Read moreHapoel Tel Aviv, Hapoel Jerusalem reach Tel Aviv Winner Tournament final
entertainment(Xinhua) 09:44, September 19, 2023JERUSALEM, Sept. 18 (Xinhua) -- EuroCup team Hapoel Tel Aviv and C ...
Read moreInterview: Zheng Qinwen: Keep my eyes on the sky and feet on the ground
entertainment(Xinhua) 13:22, September 19, 2023BEIJING, Sept. 19 (Xinhua) -- The Hangzhou Asian Games will be the ...
Read more
Popular articles
Latest articles
Kremlin calls Biden's remarks on Putin unacceptable
Roof of the world inhabited since 50,000 years ago: archaeologists
China launches new remote sensing satellite
China's Zhou to continue in F1 in 2024
Romanian artists share China travel experiences
New Godzilla x Kong film continues to lead China box office
LINKS
- Secondhand economy a win
- Shopping trend takes retail sector by storm
- New bright spots shine in pressured trade scene
- Sales boom for outdoor sports gear
- China announces discovery of major oilfield in Bohai Sea
- 10 Years on, BRI Pioneers High
- Chinese airlines increasing flights to U.S.
- Online outlets prove boon for smaller retailers
- New bright spots shine in pressured trade scene
- Foreign retailers buoyant on Chinese market