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China April CPI up up up

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Posted by Aliuser on May 15, 2010 in China Import and Export











China latest CPI represents the six consecutive month of positive growth for the indicator, following nine months of negative growth. Food prices, which accounted for about a third of the CPI calculation, grew 5.9 percent.

  • China’s Consumer Price Index (CPI), a main gauge of inflation,  rose 2.8% year on year in April. The growth was up 0.4 percentage point from 2.4 percent in March, and also higher than the 2.7 percent in February.
  • The NBS also said China’s Producer Price Index (PPI),  which measures prices of industrial products, rose  6.8 percent year-on-year in April.

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    China CPI PPI

    China CPI PPI - photo courtesy of Sohu

    Analysts said average vegetable prices in April surged about 25 per cent from a year ago.  Garlic prices was amazingly traded at RMB 12.2 per kilogram by the end of Apil, ten fold from a year earlier due to speculative buying spree.

    Food prices, which account for about a third of the CPI’s weighting, gained 5.9 percent during the month.

     

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