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 Database
Economy

China's CPI up 2.1 pct in January

February 10, 2023


Abstract : China's consumer price index (CPI), a main gauge of inflation, rose 2.1 percent year on year in January, the National Bureau of Statistics (NBS) said Friday.

BEIJING, Feb. 10 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 2.1 percent year on year in January, the National Bureau of Statistics (NBS) said Friday.

The CPI uptick in January can be partly attributed to the Spring Festival holiday boom and the optimized epidemic response, according to Dong Lijuan, a senior statistician with the NBS.

On a monthly basis, the CPI edged up 0.8 percent. Food prices rose 2.8 percent in January. The growth expanded by 2.3 percentage points month on month, and raised monthly consumer inflation by about 0.52 percentage points, according to the data.

Specifically, the price of pork, a staple meat in China, slumped 10.8 percent in January from the previous month, as the supply of pork continues to increase, Dong said.

However, pork prices still hiked 11.8 percent year on year, narrowing by 10.4 percentage points from the previous month.

Non-food prices rose 1.2 percent from a year earlier. The price growth of gasoline, diesel, and liquified petroleum gas went up by 5.5 percent, 5.9 percent, and 4.9 percent year on year, respectively.

On a monthly basis, the surge in demand for travel and entertainment after the adjustment of the country's COVID-19 response buoyed the prices of plane tickets, movie and show tickets and tours by 20.3 percent, 10.7 percent and 9.3 percent, respectively, according to Dong.

Friday's data also showed that China's producer price index, which measures costs for goods at the factory gate, slid 0.8 percent year on year in January.

Scan the QR code and push it to your mobile phone

Keyword: CPI

Reading:

Xinhua Headlines: Despite COVID-19 pandemic, China remains important engine for global growth

China's economy stands out in global arena

What China has done right to maintain mild CPI growth

Beijing targets 2023 GDP growth of over 4.5 pct

China records mild CPI growth in 2022 -- stabilizer for global 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