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China consumer prices up 2.1 pct in October

Source: Xinhua 2016-11-09 11:06:07

BEIJING, Nov. 9 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, grew 2.1 percent year on year in October, up from September's 1.9 percent, the National Bureau of Statistics (NBS) announced Wednesday.

The October data ended previous drops in the past five-consecutive months starting from 2.3 percent in April, when the CPI hit its highest level since July 2014.

On a month-on-month basis, the CPI fell 0.1 percent in October.

NBS statistician Yu Qiumei attributed the stronger growth of inflation in October largely to a low comparison base of last year.

The price of vegetables and fruit rose 13 percent and 6 percent, respectively, year on year in October, compared with 7.5-percent and 6.7-percent increases in September.

In addition, the price of services also increased in October, with education service prices rising 4.8 percent year on year, compared with 3.2-percent rise in September.

Since January 2016, CPI has been calculated using a new comparison base and included more products and services, while slightly reducing the weighting of food.

Related:

China's producer price up 1.2 pct in October

BEIJING, Nov. 9 (Xinhua) -- China's producer price index (PPI), which measures costs for goods at the factory gate, continued its growth by rising 1.2 percent year on year in October, the highest in 55 months, official data showed Wednesday.Full Story

China Focus: October exports drop narrows, pressure remains

BEIJING, Nov. 8 (Xinhua) -- China's exports growth narrowed from previous drops in October while imports accelerated growth, however weak global demand might weigh on future trade growth.

Exports measured in yuan fell 3.2 percent year on year in October, a slower pace of decline than the 5.6 percent fall in September, while imports in yuan rose 3.2 percent, up from 2.2 percent last month, according to figures from the General Administration of Customs on Tuesday.Full Story

 

 
China consumer prices up 2.1 pct in October
                 Source: Xinhua | 2016-11-09 11:06:07 | Editor: huaxia

BEIJING, Nov. 9 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, grew 2.1 percent year on year in October, up from September's 1.9 percent, the National Bureau of Statistics (NBS) announced Wednesday.

The October data ended previous drops in the past five-consecutive months starting from 2.3 percent in April, when the CPI hit its highest level since July 2014.

On a month-on-month basis, the CPI fell 0.1 percent in October.

NBS statistician Yu Qiumei attributed the stronger growth of inflation in October largely to a low comparison base of last year.

The price of vegetables and fruit rose 13 percent and 6 percent, respectively, year on year in October, compared with 7.5-percent and 6.7-percent increases in September.

In addition, the price of services also increased in October, with education service prices rising 4.8 percent year on year, compared with 3.2-percent rise in September.

Since January 2016, CPI has been calculated using a new comparison base and included more products and services, while slightly reducing the weighting of food.

Related:

China's producer price up 1.2 pct in October

BEIJING, Nov. 9 (Xinhua) -- China's producer price index (PPI), which measures costs for goods at the factory gate, continued its growth by rising 1.2 percent year on year in October, the highest in 55 months, official data showed Wednesday.Full Story

China Focus: October exports drop narrows, pressure remains

BEIJING, Nov. 8 (Xinhua) -- China's exports growth narrowed from previous drops in October while imports accelerated growth, however weak global demand might weigh on future trade growth.

Exports measured in yuan fell 3.2 percent year on year in October, a slower pace of decline than the 5.6 percent fall in September, while imports in yuan rose 3.2 percent, up from 2.2 percent last month, according to figures from the General Administration of Customs on Tuesday.Full Story

 

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