BEIJING, Feb. 10 (Chinese media) -- China's consumer price index (CPI), a major gauge of inflation, went up 1.0 percent year-on-year in January this year, the National Bureau of Statistics said on Tuesday.
The rise rate was 0.2 percentage points lower than the previous month.
In January, the producer price index (PPI), another measure of inflation at the wholesale level, went down 3.3 percent. The decline rate was 2.2 percentage points above the month-earlier level.
The statistical bureau said CPI was up 0.7 percent in urban areas and up 1.5 percent in rural areas last month.
Food prices, which account for around one third of CPI, went up4.2 percent, while non-food prices were down 0.6 percent.
Meat and related products were priced 2.8 percent lower, fresh vegetables priced 19.6 percent higher, and eggs, 1.3 percent higher.
On monthly base, CPI was up 0.9 percent from the December level, with food prices up 3.3 percent on the previous month.
In terms of PPI, prices of production materials were down 4.4 percent from a year ago, but living materials prices up 0.1 percent.
Crude oil prices at factory gate slumped 49.9 percent, with prices of diesel down 4.8 percent and those of gasoline and kerosene up 2.1 percent and 3.1 percent respectively.
But prices of coal mining went up 22.7 percent, and raw coal prices up 12.3 percent.
China's monthlyCPI, PPI in 2008
Jan.
Feb.
March
April
May
June
CPI
7.1%
8.7%
8.3%
8.5%
7.7％
7.1%
PPI
6.1%
6.6%
8%
8.1%
8.2%
8.8%
July
Aug.
Sept.
Oct.
Nov.
Dec.
CPI
6.3%
4.9%
4.6%
4%
2.4%
1.2%
PPI
10%
10.1%
9.1%
6.6%
2.0%
1.1%
China CPI up 5.9% in
2008
Think tank: China economy to grow more
than 9% in 2009
BEIJING, Dec. 2 (Chinese media) -- Chinese economy is forecast to
grow by more than 9 percent next year, according to an annual blue paper
released by the Chinese Academy of Social Science on Tuesday.
Despite the huge uncertainty in 2009, China could still
achieve a 9-percent growth as long as it unveils timely and suitable
macro-economic control measures to boost domestic demand, said the blue paper.
Full story
China to set strategy for 8% GDP
growth
BEIJING, Dec. 3 -- China's
top economic policy makers will meet next week to decide how to secure growth of
at least 8 percent, outpacing the World Bank's more pessimistic forecast,
government officials said Tuesday.
The annual Central Economic Work Conference, scheduled for
Monday through Wednesday, will tackle ways to implement the recently adopted
"expansive" fiscal policy and "moderately easy" monetary policy, officials
said. Full story
World Bank cuts 2009 China growth forecast to 7.5% vs.
9.2
BEIJING, Nov. 25 (Chinese media) --
The World Bank on Tuesday cut its 2009 forecast for China's economic growth to
7.5 percent, from 9.2percent previously, in a report released here.
With the financial crisis spreading globally, the impact
on China is expected to intensify amid a global fund squeeze and a slowdown in
export growth in 2009, the World Bank said in its China Quarterly Update.
Full story
Vice premier: Tap consumption
potential to sustain China growth
BEIJING, Dec. 2 (Chinese media) -- Chinese Vice Premier Wang Qishan has called for more
concrete measures to tap China's domestic consumption potential to sustain
economic growth.
External demand for Chinese goods has fallen markedly amid
the global financial crisis, while domestic consumption power also fell, Wang
told recent meetings on foreign and domestic trade. Full story
China planner offers details on 4 trln
yuan stimulus package
BEIJING, Nov. 14 (Chinese media) -- A senior
Chinese planning official told reporters here on Friday that the new 4 trillion
yuan (586 billion U.S. dollars) economic stimulus package includes 1.18 trillion
yuan from the central government through 2010.
Mu Hong, vice director of the National Development and
Reform Commission (NDRC), said the agency would add 100 billion yuan of new
investment during the fourth quarter. Full story
China outlines tasks for next year's
economic work
BEIJING, Nov. 28
(Chinese media) -- The Political Bureau of the Communist Party of China (CPC) Central
Committee convened a meeting here on Friday, analyzing and studying the economic
work of next year and setting out major tasks.
The meeting said that this year has been eventful and the
country has risen to many daunting challenges, including the global financial
crisis and domestic natural disasters. The economy has maintained a stable and
relatively fast growth and society has been stable, which are hard-won
achievements, it said. Full story
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