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China's March inflation eases to 2.1%

0 Comment(s)Print E-mail CNTV, April 10, 2013
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According to the National Bureau of Statistics, inflation in China slowed faster than expected in March, coming in at 2.1 percent. But just what were the main drivers behind this slowdown in inflation?

China's inflation eased to 2.1 percent in March from a 10-month high in February. For Chinese consumers, some have felt the easing food prices.

Mr. Zhou, Beijing Resident, said, "The price are on a downward trend for vegetables. For example, the spinach I bought today used to cost 4 yuan per kilo, now it costs 3 yuan."

According to China's statistics authority, food price inflation came in at 2.7% in March, compared with a 6% gain in February.

But still, many Chinese feel rising prices are placing a burden on their daily lives.

Mr. Ji, Beijing Resident, said, "Most items are more expensive than before. Very few products are getting cheaper."

Mr. Lin, Beijing Resident, said, "Something are cheap and something are expensive. But it also depends on what kind of living standards you want to have."

Analysts say the outlook for inflation this year is benign. Consumer prices will be kept at a stable level.

 

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