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Economy

China's CPI up 0.9 pct in February

March 09, 2022


Abstract : China's consumer price index (CPI), a main gauge of inflation, rose 0.9 percent year on year in February, flat from the growth seen in the same period last year, data from the National Bureau of Statistics (NBS) showed Wednesday.

A staff member works at a supermarket in Bijie, southwest China's Guizhou Province, Feb. 16, 2022. (Photo by Wang Chunliang/Xinhua)

BEIJING, March 9 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 0.9 percent year on year in February, flat from the growth seen in the same period last year, data from the National Bureau of Statistics (NBS) showed Wednesday.

On a monthly basis, the CPI gained 0.6 percent due to rising food demand during the Spring Festival, which fell in February this year, along with the fluctuations in global energy prices, noted Dong Lijuan, a senior statistician with the NBS.

Food prices went up 1.4 percent from the previous month, driving up the monthly consumer inflation by 0.26 percentage points, according to the data.

Prices for industrial consumption products rose 0.8 percent from January, fueled by high global energy costs. The prices of gasoline, diesel and liquified petroleum gas went up by 6.2 percent, 6.7 percent and 1.3 percent, respectively.

Wednesday's data also showed China's producer price index (PPI), which measures costs for goods at the factory gate, rose 8.8 percent year on year in February.

Month on month, the PPI inched up 0.5 percent.

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Keyword: CPI

Reading:

China's CPI up 0.9 pct in February

Economic Watch: China's inflation moderates in January, tempered by food prices

China's CPI up 0.9 pct in January

Economic Watch: China to keep prices stable in 2022 amid solid efforts

China's CPI up 1.5 pct in December

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