chinas consumer price inflation slows in november
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's consumer price inflation slows in November

Arab Today, arab today

Arab Today, arab today China's consumer price inflation slows in November

Food prices continued to fall, with the CPI's biggest component dropping by 1.1 percent year
Beijing - Arab Today

China's consumer inflation slowed more than expected in November and factory prices decelerated sharply, official data showed Saturday, as economic pressures persist despite robust exports and manufacturing.

The consumer price index (CPI) -- a main gauge of inflation -- rose by 1.7 percent in November from a year ago, compared to a 1.9 percent increase the previous month and 1.6 percent in September, said the National Bureau of Statistics.

This easing was greater than forecast, with Bloomberg analysts predicting a rise of 1.8 percent in the world's second largest economy.

Food prices continued to fall, with the CPI's biggest component dropping by 1.1 percent year-on-year and only fresh fruit and lamb showing a rise.

Outside the food and energy sectors, inflation posted a rise of 2.3 percent, stable compared to October.

But a sharp slowdown was posted by the producer price index (PPI), which measures prices of goods at the factory gate and only grew by 5.8 percent year-on-year compared to 6.9 percent in the two preceding months.

This deceleration, which reflects easing prices of key materials, was in line with analysts' expectations despite factory closures and a large reduction of excess industrial capacity as Beijing leads a massive anti-pollution campaign over the winter.

The figures suggest that economic pressures have not let up despite encouraging pointers published in the last two weeks, including an acceleration of manufacturing activity and an unexpected jump of exports in November.

"The CPI drop was mostly driven by the decline in food prices, while PPI fell because the base last year was too high," Tommy Xie, an economist at OCBC in Singapore.

"I expect consumer inflation to remain largely stable and fluctuate around 2 percent in the coming year, while the growth of PPI will very likely fall below 5 percent in December."

Moderate inflation can be a boon to consumption as it pushes buyers to act before prices go up, while falling prices encourage shoppers to delay purchases and companies to put off investment, both of which can hurt growth.

November's inflation figure of 1.7 percent is still well above Beijing's target of 3 percent -- enough to give the country's central bank room to manoeuvre in its efforts to reduce debt and manage financial risks.

Source:AFP

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*

chinas consumer price inflation slows in november chinas consumer price inflation slows in november

 



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*

chinas consumer price inflation slows in november chinas consumer price inflation slows in november

 



GMT 06:46 2017 Wednesday ,04 October

Pope to bless icon for Holy Family Journey to Egypt

GMT 15:51 2017 Tuesday ,22 August

FVP informed on arrangements for Sudan in meetings

GMT 04:55 2016 Monday ,03 October

Alec Baldwin nails it as Trump on ‘SNL’

GMT 21:15 2017 Tuesday ,19 September

Security forces intensify their presence in Kirkuk

GMT 03:39 2017 Saturday ,30 September

Al Jawaheri economic improvement

GMT 10:29 2018 Saturday ,06 January

Siniora meets German Ambassador

GMT 06:27 2017 Tuesday ,26 December

Embassy in Russia marks National Days

GMT 19:06 2017 Thursday ,05 January

Moral policing in Maharashtra, too

GMT 11:49 2017 Wednesday ,26 April

OIC Condemns Attack on Military Base in Afghanistan

GMT 18:35 2017 Monday ,27 February

UK foreign secretary leaves Egypt

GMT 14:34 2017 Monday ,21 August

Bahrain-Malaysia ties praised

GMT 18:36 2017 Sunday ,30 July

Fayez explains impact of differences

GMT 08:54 2017 Wednesday ,17 May

New traffic rules to impact Dubai visitors

GMT 21:00 2017 Tuesday ,28 March

Immigration minister heads for Kuwait
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