Arab Today, arab today china\s january cpi rise accelerates to 45
Last Updated : GMT 22:44:04
Arab Today, arab today
Arab Today, arab today

China\'s January CPI rise accelerates to 4.5%

Arab Today, arab today

Arab Today, arab today China\'s January CPI rise accelerates to 4.5%

Beijing - Arabstoday

China\'s consumer price index (CPI), a main gauge of inflation, rose 4.5 percent year-on-year in January, the National Bureau of Statistics (NBS) said Thursday.The growth rate was the highest in three months, accelerating from 4.1 percent in December and 4.2 percent in November.Although the unexpected rebound severed a months-long decline from a 37-month high of 6.5 percent in July, it will not change the CPI\'s downward trend for the whole year, analysts said.The CPI increase, which was mainly boosted by food price surges in January amid the traditional Chinese Lunar New Year holiday, will see a remarkable pull-back in February, said Lian Ping, chief economist at the Bank of Communications.Li Huiyong, chief analyst of Shenyin & Wanguo Securities, expected the country\'s CPI annual increase to ease to 3 to 3.5 percent in February.Food prices, which account for nearly one-third of the basket of goods in the nation\'s CPI calculation, climbed 10.5 percent in January from a year earlier and contributed to 3.29 percentage points in January\'s CPI rise. The increase accelerated sharply from December\'s 9.1-percent rise.Prices of pork, China\'s staple meat, soared 25 percent year-on-year in January, while grain prices jumped 6.1 percent from one year earlier.On a monthly basis, the country\'s CPI increased 1.5 percent in January, the NBS said.Despite the CPI rebound, the country\'s producer price index (PPI) only increased 0.7 percent in January year-on-year, down from 1.7 percent in December and was the lowest since December 2009. PPI is a main gauge of inflation at the wholesale level.However, even if January\'s rebound was an aberration, the fact that it was well above the market expectations may caution policy makers to hold off policy loosening, said Peng Wensheng, chief economist of the China International Capital Corporation, the country\'s largest investment bank.\"There is less possibility that the central bank will cut the reserve requirement ratio in February,\" Peng said.For more than a year, China has been squeezing its banking system in efforts to rein in high inflation. However, the country\'s central bank in December cut the amount of cash that lenders have to set aside as reserves for the first time in three years..\"Inflation is a decreasing risk for the economy and policy is likely to emphasize growth in the medium term,\" Alaistair Chan, an economist at Moody\'s Analytics said in a statement.The country\'s policy makers vowed to maintain the prudent monetary policy and proactive fiscal policy in 2012, but fine-tune these policies as conditions change.China\'s economic growth had slowed over the length of last year. Its GDP growth decreased to 8.9 percent in the fourth quarter of 2011 from 9.7 percent in the first quarter.The country\'s GDP growth will further dip to 8.5 percent in the first quarter of this year, the State Information Center, a government think tank, projected in a statement released Thursday.On Monday, the International Monetary Fund cut its forecast for China\'s GDP growth this year to 8.25 percent from the 9 percent projected in September 2011. It said China\'s projected growth could be cut by nearly half if the eurozone, its biggest trade partner, suffers a sharp downturn due to the debt problems.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s january cpi rise accelerates to 45 Arab Today, arab today china\s january cpi rise accelerates to 45

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s january cpi rise accelerates to 45 Arab Today, arab today china\s january cpi rise accelerates to 45

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday