Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    CPI: No sign on continued inflation rise

    By Wang Yanfei | chinadaily.com.cn | Updated: 2018-09-10 09:40
    Share
    Share - WeChat
    People at a supermarket in Guangzhou, Guangdong province, Aug 25, 2018. [Photo/VCG]

    China's consumer inflation picked up more than expected in August, mainly driven by food price increases because of seasonal factors.

    Amid worries about inflation pressure caused by African swine fever and tariff tensions with the United States, there are no major concerns for significant inflation pressure in the coming months, pointing to mild inflation toward the end of this year, according to analysts and officials.

    The consumer price index, a main gauge of inflation, rose 2.3 percent year-on-year in August, up from 2.1 percent in the previous month, the largest increase since February, according to the National Bureau of Statistics on Monday.

    China is aiming to keep annual CPI growth at around 3 percent this year.

    NBS statistician Sheng Guoqing attributed the higher than expected CPI growth to higher food prices in August that have been pushed up by adverse weather and the relatively limited supply of pork.

    Food prices went up by 2.4 percent year-on-year in August, according to Sheng. Those prices jumped in August as hot, wet weather and an outbreak of swine fever in some regions decreased supplies in vegetables and pork, while seasonal factors also led to some price increases, Haitong Securities analysts Jiang Chao and Li Jinliu wrote in a note.

    "We expect CPI in September to increase slightly to 2.5 percent year-on-year, led by a continued rise in pork prices and moderate growth of prices of vegetables and fruits," they said.

    The producer price index grew by 4.1 percent year-on-year in August, which is 0.5 percentage points slower than in the previous month, according to the National Bureau of Statistics.

    The latest data come as worries of possible stagflation have emerged amid rising expectations for continued inflation and downward economic pressure.

    Stagflation is characterized by slower economic growth and increased inflation.

    Nevertheless, no signs have appeared to indicate a continued rise of inflation pressure, nor is the economy facing a hard landing later this year, according to a the National Development and Reform Commission official who declined to be identified.

    Despite some downward pressure ahead, the government is not likely to proceed with a major policy easing to fend off financial risks, which means the monetary environment does not point to a sharp increase in inflation, according to the official.

    As for additional tariff threats by the United States, the overall pressure remains by far under control, reflected by a monthly decline in edible oil prices in August despite a drop in soybean imports, according to Wang Qing, chief economist with Golden Credit Rating.

    The two countries have already slapped tit-for-tat tariffs on $50 billion worth of goods, and the US is eying additional tariffs on $200 billion in Chinese imports.

    Zhou Lanxu contributed to this story.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    一本一道AV无码中文字幕| 亚洲欧美日韩中文播放| 欧美日韩亚洲中文字幕一区二区三区 | 无码永久免费AV网站| 无码精品A∨在线观看中文| 免费A级毛片无码A∨| 亚洲中文字幕成人在线| 最近的中文字幕在线看视频| 亚洲VA中文字幕无码一二三区| 中文字幕亚洲免费无线观看日本| 97无码免费人妻超| 无码国产伦一区二区三区视频| 亚洲AV中文无码乱人伦在线视色 | 中文字幕乱码久久午夜| 国产精品亚洲аv无码播放| 国产aⅴ无码专区亚洲av麻豆 | 日韩中文字幕在线不卡| 亚洲va中文字幕无码久久| 性无码专区一色吊丝中文字幕| 无码人妻久久久一区二区三区| 中文字幕一区二区三区日韩精品| 中文一国产一无码一日韩| 免费无码婬片aaa直播表情| 狠狠躁狠狠躁东京热无码专区| 亚洲熟妇无码乱子AV电影| 日本无码色情三级播放| 内射人妻少妇无码一本一道| 最近免费2019中文字幕大全| 日本妇人成熟免费中文字幕 | 国产中文字幕乱人伦在线观看| 国产中文在线观看| 亚洲久本草在线中文字幕| 中文字幕你懂的| 人妻无码中文字幕免费视频蜜桃| 中文字幕视频免费| 亚洲伊人久久综合中文成人网 | 最好看最新高清中文视频| 天堂а√在线中文在线最新版| 中文字幕久久波多野结衣av| 中文精品久久久久人妻不卡| 中文在线中文A|