www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

left corner left corner
China Daily Website

China's inflation up 3% in Nov

Updated: 2013-12-09 09:52
( Xinhua)

BEIJING -- China's consumer price index (CPI), a main gauge of inflation, grew 3 percent year-on-yer in November, down from 3.2 percent in October, the National Bureau of Statistics (NBS) said on Monday.

China's inflation up 3% in Nov

In breakdown, inflation rose 3 percent in cities, and 3.1 percent in rural areas. Food prices rose 5.9 percent from a year ago, while prices of non-food products edged up 1.6 percent, according to the NBS.

On a month-to-month basis, food prices in November dropped 0.2 percent from October. Prices of non-food products remained flat.

CPI rose 2.6 percent in the first 11 months year-on-yer, well below the government's full-year target of 3.5 percent.

The NBS data also showed China's producer price index, which measures inflation at the wholesale level, contracted 1.4 percent year-on-yer in November, following a 1.5-percent drop in October.

Yu Qiumei, a senior statistician with the NBS, said prices in the food category, which accounts for roughly one-third in the weighting of China's CPI calculation, edged down slightly as a whole in November.

Prices of grain, beef, mutton, milk and fruit rose month on month, but prices of pork, fresh vegetables, eggs and aquatic products contracted from the previous month.

November's vegetable prices registered a 3.8-percent contraction from October, but Yu stressed the differences in vegetable prices among various regions. The northeast and northwest of China saw vegetable prices rise month on month due to snow and low temperatures, while vegetable prices fell in most of China.

The moderation in year-on-year CPI inflation in November was due to lower food inflation, according to a research note by Zhi Xiaojia and Lu Ting, China economists with Bank of America Merrill Lynch.

Food inflation fell to 5.9 percent year on year from 6.5 percent in October. Vegetable price inflation dropped to 22.3 percent year on year from October's 31.5 percent and contributed 59 basis points to the 3.0 percent CPI.

Vegetable and pork prices dropped 3.8 percent and 0.5 percent in November respectively.

Zhang Liqun, a researcher with the Development Research Center of the State Council, China's cabinet, said overall prices for November were stable and factors favorable to stable food prices are increasing.

Seasonal factors behind price fluctuations of fresh vegetables are decreasing and CPI inflation could ease further, he said.

Positive for markets,policymakers

Zhi and Lu, of Bank of America Merrill Lynch, said with November CPI inflation slowing more than expected and PPI inflation remaining negative, markets could breathe a sigh of relief. In the past few weeks, markets have been worried that the central bank could be forced to tame the rising CPI by tightening the credit supply, leading to rising bond yields.

Monetary policy is expected to remain neutral in December and into 2014, even though money market rates and bond yields could rise on interest rate liberalization, according to Zhi and Lu.

"Muted CPI inflation and slightly better growth than expected should be positive for markets," they said.

This latest data confirms that an economy which slowed down noticeable earlier this year has regained solidity, and analysts expect the recovery to continue.

Gross domestic product growth accelerated to 7.8 percent in the third quarter this year, up from 7.5 percent in the second and 7.7 percent in the first.

Qu expects inflationary pressure to remain modest across the board, held down by a negative output gap, despite anticipated seasonal fluctuations in food prices around Chinese Lunar New Year on Jan 31.

"Monetary policy will retain its status quo over the coming quarters," Qu said, maintaining that inflationary pressure would be manageable, allowing policymakers to support growth during a period of structural reform.

 

 

 

 
8.03K
 
...
主站蜘蛛池模板: 亚洲综合网在线观看首页 | 久久er热这里只有精品免费 | 成人毛片免费观看视频大全 | 日韩午夜片 | 87精品福利视频在线观看 | 国产伦精品一区二区三区无广告 | 国产三级日本三级日产三 | 6080伦理久久精品亚洲 | 亚洲欧美高清 | 欧美成人小视频 | 日本道综合一本久久久88 | 精品国产成人 | 国产色司机在线视频免费观看 | 一级一片免费视频播放 | 亚洲免费一| 欧美日韩精品乱国产538 | 香蕉久久精品 | 男人天堂网2022| 国产欧美日韩在线 | 最新国产精品视频免费看 | 欧美在线观看成人高清视频 | 亚洲tv成人天堂在线播放 | 午夜三级在线观看 | 亚洲精品国产高清不卡在线 | 欧美第一视频 | 欧美国产精品不卡在线观看 | 97久久精品午夜一区二区 | 久揄揄鲁一二三四区高清在线 | 天堂色视频| 国产免费一级高清淫曰本片 | 亚洲天堂一区二区在线观看 | 亚洲综合久久久 | 成人精品免费视频 | 日韩在线免费视频 | 日韩精品午夜视频一区二区三区 | 国产成人丝袜视频在线视频 | 欧美一区二区免费 | 欧美日韩精品乱国产 | 午夜亚洲精品 | 欧美另类久久久精品 | 午夜毛片免费观看视频 |