Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Economy

China's consumer inflation moderates to 4.3 pct

April 10, 2020


Abstract : China's consumer inflation eased in March on retreating food prices as economic activities including transport and logistics gradually recovered after effective epidemic containment in the country, official data showed Friday.

BEIJING, April 10 (Xinhua) -- China's consumer inflation eased in March on retreating food prices as economic activities including transport and logistics gradually recovered after effective epidemic containment in the country, official data showed Friday.

China's consumer price index (CPI), the main gauge of inflation, grew 4.3 percent year on year last month, moderating from the 5.2-percent gain in February, according to data from the National Bureau of Statistics.

On a monthly basis, consumer prices went down 1.2 percent. Food prices, which account for nearly one-third of weighting in China's CPI, headed down 3.8 percent last month.

In breakdown, grain and oil prices were stable, while vegetable prices fell 12.2 percent over rising supplies in spring. Pork prices started to soften as the government took measures to boost supplies to mitigate the impacts of the African swine fever and the coronavirus epidemic.

Prices of the staple meat in China dropped 6.9 percent from a month earlier.

Compared with the same period last year, food prices remained elevated due to the novel coronavirus outbreak, rising 18.3 percent year on year and contributing 3.7 percentage points of the index's yearly growth.

In the first quarter, CPI went up 4.9 percent year on year on average.

Friday's data also showed China's producer price index, which measures inflation at the factory gates, fell 1.5 percent year on year last month.

Scan the QR code and push it to your mobile phone

Keyword: CPI China economy

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial