国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / China Data

China's CPI up in October

Xinhua | Updated: 2019-11-09 09:37
Share
Share - WeChat
Consumers buy vegetables at a supermarket in Handan, Hebei province. [Photo by Hao Qunying / For China Daily]

BEIJING - China's consumer price index (CPI), a main gauge of inflation, rose 3.8 percent year-on-year in October, the National Bureau of Statistics (NBS) said Saturday.

The growth rate, which was up from 3 percent in September, represented an annual high.

Food prices grew 15.5 percent year-on-year last month, up from 11.2 percent in September, while non-food prices gained 0.9 percent, 0.1 percentage points lower than in September.

Pork prices rose 101.3 percent year-on-year, contributing 2.43 percentage points to the 3.8-percent CPI growth, and spilled over to the prices of beef, mutton and chicken, all of which registered double-digit year-on-year growth in October, said NBS senior statistician Shen Yun.

Affected by African swine fever and cyclical factors, pork prices rose visibly during the past few months, representing the main driver of CPI expansion.

China has rolled out multiple measures to stabilize hog production and pork supply. On Nov 6, the State Council urged efforts in an executive meeting to restore hog production by ensuring the supply of swine feed, increasing the production of poultry, beef and mutton, and utilizing food reserves.

Official data showed that pork imported into the country reached about 1.33 million tons during the first three quarters, up 43.6 percent year-on-year.

As government stepped up efforts to release pork reserves, expand pork imports and encourage hog breeding, the supply and demand of pork will become balanced, said Tang Jianwei, chief researcher of the Bank of Communications.

In October, prices of vegetables and fruits fell 10.2 percent and 0.3 percent year-on-year, respectively. Meanwhile, transportation and communications prices slipped 3.5 percent, dragging the CPI down by 0.42 percentage points.

Excluding food and energy, the core inflation level remained unchanged from September, Shen noted.

"The core inflation level was stable during the past 10 months, which indicates a relative balance between the aggregate supply and demand in the macroeconomic system," said Guo Liyan, a researcher with the Chinese Academy of Macroeconomic Research, adding that the current CPI uptick was controllable.

The CPI in urban and rural areas posted a year-on-year growth of 3.5 percent and 4.6 percent, respectively.

Consumer prices in the first 10 months rose an average of 2.6 percent from a year earlier, the bureau said.

Saturday's data also showed that China's producer price index, which measures costs for goods at the factory gate, dropped 1.6 percent year-on-year in October.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
阿坝| 林口县| 临湘市| 渑池县| 南安市| 壶关县| 广西| 会东县| 昌邑市| 大同市| 石棉县| 大余县| 墨竹工卡县| 元谋县| 宿迁市| 文山县| 巴彦县| 疏附县| 平原县| 宕昌县| 闵行区| 屏东县| 威海市| 富平县| 抚州市| 宣汉县| 平泉县| 闽侯县| 万山特区| 吉林市| 米易县| 元江| 北安市| 广水市| 甘孜县| 金昌市| 调兵山市| 资兴市| 六枝特区| 军事| 土默特左旗|