Current location:sport >>
China's consumer price index rises
sport7732People 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.“Cultural Caravan news portal”。http://samoa.allesfuersjagen.com/html-49a299870.html
Related articles
Asian economy expected to increase 4.5 percent in 2024: report
sport(ECNS) -- The Asian economy is expected to increase by 4.5 percent in 2024 amid a strong consumption ...
【sport】
Read moreOti Mabuse shares 'sad' update as Saturday Night Takeaway comes to an end after 22 years on screens
sportOti Mabuse shared a sad update on Sunday as Saturday Night Takeaway came to an end this weekend afte ...
【sport】
Read morePrivate sector actively competing for involvement in China's space station, manned lunar missions
sport(Xinhua) 14:07, October 25, 2023JIUQUAN, Oct. 25 (Xinhua) -- China's private space enterprises are h ...
【sport】
Read more
Popular articles
- 2022 UK Chinese Dragon Boat Festival celebrated in Salford
- World's largest single capacity offshore wind turbine successfully installed
- Detectives solve 1968 killing of World War II veteran who became milkman, Florida sheriff says
- Chinese researchers call for increase in advanced carbon observation stations
- Commentary: Chinese consumer market full of opportunities for global brands
- What key recent events led to Iran's assault on Israel?
Latest articles
To invest in China is to win the future: spokesperson
Cutter Gauthier, the NCAA's leading scorer, signs 3
Chinese experts showcase new seed varieties, technology at Uganda agricultural exhibition
China's AI robotic chemist synthesizes catalysts for oxygen production on Mars
Nation hailed for brokering Saudi
Smart robot designed to repair urban sewage pipelines
LINKS
- Prince Louis wore Prince George's £25 hand
- Teenage girl lured her ex
- Queen Letizia of Spain shines in a smart tweed dress as she joins King Felipe in Madrid
- Protests at US campuses are pressing colleges to cut financial ties with Israel
- Queen Maxima of the Netherlands braves the wind in a very eye
- Wisconsin prison inmate pleads not guilty to killing cellmate
- Austria coach Ralf Rangnick confirms Bayern Munich contact
- Two Premier League stars, both 19, arrested in a rape probe are 'suspended by their club'
- Delhi survives Rashid's onslaught to beat Gujarat by 4 runs in IPL
- Josef Newgarden’s win in IndyCar’s season