China's CPI up 2.9 pct in February

0 Comment(s)Print E-mail Xinhua, March 9, 2018
Adjust font size:

China's consumer price index (CPI) rose 2.9 percent year on year in February, up from 1.5 percent for January, data from the National Bureau of Statistics (NBS) showed Friday.


The Spring Festival, in February this year but in January last year, contributed to the increase due to a low comparison base, NBS statistician Sheng Guoqing said.


Holiday demand pushed up food prices by 4.4 percent and non-food prices by 2.5 percent year on year in February.


"As holiday factors ebb, the March CPI increase will decline," Sheng said.


On a month-on-month basis, CPI was up 1.2 percent from January, mainly due to Spring Festival demand and low temperatures that drove up the prices of some agricultural products.


This year, China expects CPI to increase by around 3 percent.


China's producer price index (PPI), which measures costs for goods at the factory gate, rose 3.7 percent year on year in February, down from a growth of 4.3 percent in January, according to the bureau.


Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter