Chinadaily.com.cn
     
    Go Adv Search

    China CPI growth rebounds to 3.6% in March

    Updated: 2012-04-09 09:52

    (Xinhua)

      Comments() Print Mail Large Medium  Small 分享按鈕 0

    China CPI growth rebounds to 3.6% in March

    BEIJING - China's inflation rebounded slightly in March after logging a relatively low growth in February, but analysts generally believe prices will drift lower in the following months despite lingering uncertainties.

    China's consumer price index (CPI), a main gauge of inflation, expanded 3.6 percent year-on-year in March, the National Bureau of Statistics (NBS) said Monday.

    The growth represents a climb from the 3.2-percent rate registered in February, the lowest pace in 20 months.

    Despite the rebound, analysts said the overall downward trend of inflation will not be changed for the whole year as factors that drove up the index are mostly short-lived.

    As a major driver of the growth, China's food prices, which account for nearly one-third of the weighting in the CPI calculation, increased 7.5 percent last month from one year earlier.

    Statistics from the Ministry of Commerce (MOC) showed that the wholesale prices of 18 staple vegetables rose for four consecutive weeks from February, posting an increase of 9.7 percent by early March.

    Tang Jianwei, senior analyst at the Bank of Communications, attributed the surge to inclement weather and held that the trend will be stemmed when the weather gradually warms up.

    Citing MOC data, he said vegetable prices already began to drop in late March.

    The price of pork, China's staple meat, went up 11.3 percent year-on-year in March, pulling back 4.6 percentage points from February.

    Prices of non-food items climbed 1.8 percent year-on-year in February, up 0.2 percent on a monthly basis.

    The latest rebound also comes as the public fret over fuel price hikes that have triggered a fresh wave of inflation concerns.

    To reflect price changes on the international crude oil market, China last month lifted fuel prices for the second time in a year.

    Though oil price hikes have had only a minor impact on CPI growth as fuel only plays a small part in the calculation, the pass-on effect, which would affect the key logistics sector, should not be ignored, analysts said.

    Zhao Xijun, deputy dean of the School of Finance at Renmin University, said the price rises will gradually be reflected in the index when squeezed enterprises begin to pass on the cost to consumers.

    He also warned about possible risks of imported inflation because of volatility in the international market, adding the biggest uncertainty lies in oil prices if the situation in the Middle East worsens.

    Even though uncertainties abound, analysts are largely optimistic that the government can meet its price control target for the year, as the rounds of tightening policies earlier on will continue to wield influence.

    The government is aiming to keep CPI increases to around 4 percent.

    The country's CPI climbed 3.8 percent in the first quarter compared with the previous year.

    China's inflation went beyond the government's full-year target of 4 percent last year, hitting 5.4 percent, and only begun to show signs of easing this year as the government's efforts to hem in the runaway prices gradually worked.

    China's central bank raised banks' reserve requirement ratio (RRR) 12 times to a record high of 21.5 percent between 2010 and December 2011. It has also hiked interest rates five times since October 2010.

    As inflation concerns gradually ease, the government is taking cautious steps, including an RRR lowering in November 2011 and again in February this year, to loosen policies in a bid to spur the slowing economy.

    Lu Zhengwei, chief economist of the Industrial Bank, said he expects another cut later this month.

     

    亚洲久本草在线中文字幕| 久久受www免费人成_看片中文| 无码精品人妻一区二区三区免费| 中文字幕精品久久| 99久久无色码中文字幕人妻| 少妇人妻无码专区视频| 亚洲一区日韩高清中文字幕亚洲 | 中文字幕日韩理论在线| 日韩乱码人妻无码中文字幕视频| 亚洲第一极品精品无码久久| 最近的中文字幕大全免费8| 无码免费又爽又高潮喷水的视频| 无码人妻精品一区二区三区久久久 | 亚洲AV无码不卡在线观看下载| 中文无码久久精品| 最近中文字幕完整版免费高清| 天天爽亚洲中文字幕| 久久久久无码精品| 久久午夜伦鲁片免费无码| 亚洲成av人片在线观看无码不卡| 日韩欧美中文字幕一字不卡 | 久久亚洲2019中文字幕| 中文字幕精品一区二区精品| 天码av无码一区二区三区四区| 国产亚洲精品a在线无码| 无码成A毛片免费| 无码h黄动漫在线播放网站| 野花在线无码视频在线播放| 精品日韩亚洲AV无码一区二区三区| 久久丝袜精品中文字幕| 中文字幕精品无码久久久久久3D日动漫 | 无码毛片视频一区二区本码| 亚洲一区爱区精品无码| 成人无码a级毛片免费| 久久无码AV中文出轨人妻| 久久亚洲精品成人无码网站| 亚洲一日韩欧美中文字幕欧美日韩在线精品一区二 | 日韩精品久久无码中文字幕| 亚洲AV无码精品色午夜在线观看| 亚洲国产精品无码久久| 少妇人妻无码精品视频|