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13-06-2018 05:37:06

  BEIJING, April 11 (Xinhua) -- China's consumer prices grew 2.3 percent in March from one year earlier, the same as in February, official data showed Monday.

  The consumer price index (CPI), a main gauge of inflation, shrank 0.4 percent in March from February, the National Bureau of Statistics said in a statement.

  NBS statistician Yu Qiumei attributed the inflation growth mostly to high vegetable and pork prices.

  Pork prices jumped sharply by 28.4 percent year on year, contributing 0.64 percentage points of CPI growth, while vegetable prices skyrocketed by 35.8 percent, accounting for 0.92 percentage points of CPI growth.

  Food prices soared 7.6 percent year on year while non-food inflation edged up 1 percent in March.

  Since January, CPI data have been calculated using a new comparison base that takes into account new products and services, reflecting a change in consumption patterns. The adjustment slightly reduced the weight of food, which previously accounted for nearly one-third of the CPI calculation.

  The producer price index (PPI), which measures wholesale inflation, dropped 4.3 percent year on year in March, narrowing from a 4.9-percent drop in February and 5.3-percent drop in January.

  But the PPI rose 0.5 percent in March from February, the first month-on-month rise since January 2014.


  China's economic planner plays down pork inflation fears

  BEIJING, April 10 (Xinhua) -- Pork prices in China will continue to run high, but will not rise remarkably this year, the country's economic planner said on Sunday.

  This round of price hike resulted from low prices in previous years, said the National Development and Reform Commission's website.Full Story

  China Focus: Chinese economy improving amid pro-growth measures

  BEIJING, April 5 (Xinhua) -- The Chinese economy is showing signs of warming as observers eagerly await the release of first-quarter GDP data next week.

  With fiscal and credit policy support beginning to take effect, the official purchasing managers' index for the manufacturing sector came in at 50.2 in March, up from February's 49 to its highest level since August. According to the data released on Friday, the index for non-manufacturing business activity stood at 53.8, up from 52.7 in February, reversing a downward trend since December.Full Story

  News analysis: Economic indicators signal recovery of Chinese economy

  BEIJING, April 3 (Xinhua) -- China's economy may have just come back for a recovery, recent economic indicators signaled.

  Latest data showed that China's manufacturing activity rebounded in March to its highest level since last August while non-manufacturing sector also reversed a downward trend since December.Full Story

  China's manufacturing activity rebounds to nine-month high

  BEIJING, April 1 (Xinhua) -- China's manufacturing activity rebounded in March to its highest level since last August, thanks to the government's continued structural reforms, official data showed on Friday.

  The purchasing managers' index (PMI) came in at 50.2 in March, up from February's 49, according to the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing.??

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