china factory prices surge most since 2011
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

China factory prices surge most since 2011

Arab Today, arab today

Arab Today, arab today China factory prices surge most since 2011

A chinese worker
Beijing - Arab Today

China’s producer prices increased the most since 2011, with the world’s biggest exporter further lifting the outlook for global inflation.

Producer price index rose 6.9 per cent in January from a year earlier, compared with a median estimate of 6.5 per cent in a Bloomberg survey and a 5.5 per cent December gain. 

Consumer-price index climbed 2.5 per cent, boosted by the week-long Lunar New Year holiday beginning in January this year, versus a 2.4 per cent rise forecast by analysts.

Producer prices for mining products surged 31 per cent year-on-year while those for raw materials climbed 12.9 per cent, the National Bureau of Statistics said on Tuesday.

China is again exporting inflation as factories increase prices after emerging from years of deflation. That fresh strength may moderate in coming months as year-ago comparisons gradually rise and Donald Trump’s policies add uncertainties to the global demand outlook.

Continued pressure for raw materials is forcing companies to increase prices, according to Tao Dong, senior adviser for Asia Pacific private banking at Credit Suisse Group AG in Hong Kong. "Without strong demand, producers have limited space for price hikes," he said. "But I see a wide range of price increases because the cost push is so severe," he added.

Both consumer and producer inflation will peak soon, Julian Evans-Pritchard, an economist at Capital Economics in Singapore, wrote in a report. "Tighter monetary policy, slowing income growth and cooling property prices should keep broader price pressure contained over the medium-term," he said.

"The latest inflation data add to the case for a continued moderate tightening in monetary policy," Tom Orlik, chief Asia economist at Bloomberg Intelligence in Beijing, wrote in a report. "The central bank is likely to continue on that path in the months ahead, as policy makers lean against excess leverage, yuan weakness and capital outflows, and nascent inflationary pressure."

"We haven’t seen significant pass-through effect from PPI to CPI inflation yet, suggesting that the strong rebound in PPI inflation is a reflection of proactive fiscal policies," Zhou Hao, an economist at Commerzbank AG in Singapore, wrote in a report. With the Communist Party Congress later this year, "local governments are keen to deliver decent growth figures. Against this backdrop, the infrastructure investment pipeline will remain solid," he added.

Source :Times Of Oman

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*

china factory prices surge most since 2011 china factory prices surge most since 2011

 



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*

china factory prices surge most since 2011 china factory prices surge most since 2011

 



GMT 14:30 2017 Sunday ,22 October

Abe coalition wins resounding victory in Japan vote

GMT 09:44 2017 Tuesday ,17 October

Morocco arrests 11 suspects linked to ISIS

GMT 13:09 2015 Tuesday ,09 June

Slaven Bilic returns to West Ham as manager

GMT 16:04 2017 Saturday ,30 September

Got a yacht? Proposed French tax break makes waves

GMT 13:06 2016 Saturday ,31 December

Syrian passport trade becomes unlikely cash cow

GMT 04:47 2017 Wednesday ,30 August

Mark Zuckerberg welcomes second daughter in Facebook

GMT 00:59 2014 Saturday ,07 June

January 19 - February 17

GMT 10:53 2017 Wednesday ,05 July

AU Summit gives priority to youth empowerment

GMT 17:26 2017 Wednesday ,15 February

Russian jets in ‘unsafe’ encounters with destroyer

GMT 17:53 2017 Wednesday ,25 October

Erdogan: Turkey ready to give Iraq full support

GMT 14:05 2017 Thursday ,23 November

Actor Ahmed Ezz appreciates Hind Sabry

GMT 16:04 2017 Wednesday ,14 June

Sadara expands its suite of specialty chemicals

GMT 01:01 2017 Monday ,06 February

Garcia wraps up dominant win at Dubai Desert Classic

GMT 17:39 2018 Sunday ,09 September

President of Abkhazia, concludes visit to Syria
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday