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 15:46 2018 Wednesday ,12 December

Festive Fashion by Dubai-based designer ASMARAÏA

GMT 21:42 2017 Friday ,15 December

Bahrain’s national days celebrated

GMT 09:38 2016 Thursday ,08 December

General strike in Greece over new budget cuts

GMT 05:51 2017 Friday ,06 October

Kyrgyz leader arrives in Russia for treatment

GMT 15:32 2017 Thursday ,27 July

Tears in rain: North Korea marks 'Victory Day'

GMT 10:53 2017 Friday ,05 May

Appoints b. the communications agency

GMT 15:50 2017 Saturday ,18 March

Iraqi government to send military troops to Ramadi

GMT 11:00 2017 Wednesday ,03 May

Celta plan more pain for exhausted Man Utd

GMT 18:58 2017 Wednesday ,15 March

Sheikha Moza sign agreement between Tunisian Ministry

GMT 17:53 2013 Sunday ,10 November

Qatar tourism jumps in Q3 2013

GMT 08:59 2017 Saturday ,30 September

North Korean rockettes serve up Coca-Cola in Dubai

GMT 10:48 2017 Tuesday ,21 March

Signs for Chicago Fire: Man Utd

GMT 06:24 2017 Thursday ,07 September

Bahrain weather forecast

GMT 21:00 2017 Thursday ,28 September

All foreign flights to Erbil to end Friday

GMT 04:31 2017 Wednesday ,26 April

Acra dress everyone is talking about

GMT 08:12 2017 Wednesday ,25 October

Actor Hassan Al Radad reveals his role in “Karma”

GMT 09:02 2018 Tuesday ,04 December

Duda defends coal use at UN climate conference
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 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

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