China's CPI Up 1.0% in January
[2009-02-11 09:11:35]
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Citizens pick fruit at a supermarket in Hefei, capital of east China's Anhui Province, Feb. 10, 2009. China's consumer price index (CPI), a major gauge of inflation, went up 1.0 percent year-on-year in January this year, the National Bureau of Statistics said on Tuesday. (Xinhua/Li Jian) |
The statistical bureau said CPI was up 0.7 percent in urban areas and up 1.5 percent in rural areas last month.
Food prices, which account for around one third of CPI, went up4.2 percent, while non-food prices were down 0.6 percent.
Meat and related products were priced 2.8 percent lower, fresh vegetables priced 19.6 percent higher, and eggs, 1.3 percent higher.
On monthly base, CPI was up 0.9 percent from the December level, with food prices up 3.3 percent on the previous month.
In terms of PPI, prices of production materials were down 4.4 percent from a year ago, but living materials prices up 0.1 percent.
Crude oil prices at factory gate slumped 49.9 percent, with prices of diesel down 4.8 percent and those of gasoline and kerosene up 2.1 percent and 3.1 percent respectively.
But prices of coal mining went up 22.7 percent, and raw coal prices up 12.3 percent.
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China's monthly CPI, PPI in 2008 |
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Jan.
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Feb.
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March
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April
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May
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June
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CPI
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 8.7% |
8.5% |
7.7％ |
7.1% |
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PPI
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6.6% |
8% |
8.8% |
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July
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Aug.
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Sept.
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Oct.
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Nov.
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Dec.
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|
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CPI
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6.3% |
4.9% |
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PPI
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9.1% |
 1.1% |
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BEIJING, Dec. 3 -- China's top economic policy makers will meet next week to decide how to secure growth of at least 8 percent, outpacing the World Bank's more pessimistic forecast, government officials said Tuesday.
BEIJING, Nov. 25 (Xinhua) -- The World Bank on Tuesday cut its 2009 forecast for China's economic growth to 7.5 percent, from 9.2percent previously, in a report released here.
Vice premier: Tap consumption potential to sustain China growth
BEIJING, Dec. 2 (Xinhua) -- Chinese Vice Premier Wang Qishan has called for more concrete measures to tap China's domestic consumption potential to sustain economic growth.
External demand for Chinese goods has fallen markedly amid the global financial crisis, while domestic consumption power also fell, Wang told recent meetings on foreign and domestic trade. Full story
China planner offers details on 4 trln yuan stimulus package
BEIJING, Nov. 14 (Xinhua) -- A senior Chinese planning official told reporters here on Friday that the new 4 trillion yuan (586 billion U.S. dollars) economic stimulus package includes 1.18 trillion yuan from the central government through 2010.
Mu Hong, vice director of the National Development and Reform Commission (NDRC), said the agency would add 100 billion yuan of new investment during the fourth quarter. Full story
China outlines tasks for next year's economic work
BEIJING, Nov. 28 (Xinhua) -- The Political Bureau of the Communist Party of China (CPC) Central Committee convened a meeting here on Friday, analyzing and studying the economic work of next year and setting out major tasks.
The meeting said that this year has been eventful and the country has risen to many daunting challenges, including the global financial crisis and domestic natural disasters. The economy has maintained a stable and relatively fast growth and society has been stable, which are hard-won achievements, it said
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