China’s consumer prices rose 2.7% in February, up from a 1.5% increase in January. The producer price index rose 5.4% in February, up from a 4.3% in January. Higher food prices were largely responsible for the rise, although economists note that other consumer price index (CPI) components, such as transport and housing, are also increasing. [...]
Consumer price growth in China moderated slightly in January, the consumer price index (CPI) rising 1.5% year-on-year compared to 1.9% in December. It is the third consecutive month in which the index has risen. Fears abound that China’s rapid credit growth over the past year will drive up inflation and this is being felt most [...]
Consumer prices fell 1.5% year-on-year in April, but analysts said they expect prices to start heading upward later in the year. The consumer price index, which is heavily weighted toward food, fell for the third month in a row after declining 1.2% in March and 1.6% in February, according to data from the National Bureau [...]
Consumer price inflation in China hit its lowest level since 2006 in January. Consumer prices rose 1% in January over the same period a year ago, having risen 1.2% year-on-year in December. Economists suggest that even lower inflation – and even deflation – was held at bay by increased consumption surrounding the Lunar New Year [...]
China’s State Council announced on Saturday that it would increase the money supply by 17% in 2009 as part of efforts to spur consumer spending and bolster the economy in the face of a global downturn. It plans to keep money supply growth 3 to 4 percentage points above growth in economic output and consumer [...]
China’s retail sales grew 22% year-on-year in October, down slightly from 23.2% in both September and August, on weaker consumer sentiment amid a slowing economy. Total sales reached US$148 billion for the month. Grain and edible oil sales rose 10.2% year-on-year, compared with 28.6% in the first three quarters. Meat, poultry and egg sales rose [...]
A report by the official China Securities Journal forecasts China’s GDP growth rate in 2008 at 9.8%. The forecast growth rate is lower than the 9.9% growth rate posted in the first nine months of the year. Full-year consumer price growth is expected to hit 6.3%, up from 4.5% in the first three quarters, and [...]
