Slower food price rises cool inflation

Food prices on the mainland fell last month from February but they rose less than expected compared with March last year. Photo: Reuters

Inflationary pressures on the mainland fell last month as food price increases slowed, alleviating concerns over any imminent monetary policy tightening.

Wednesday, 10 April, 2013, 5:35am

China’s annual inflation rises to 3.2pc in February

Chinese shoppers browse through fireworks for the celebration of the Chinese New Year in Liaoning province. Photo: AFP

China’s annual consumer inflation quickened to 3.2 per cent in February from January’s 2.0 per cent, data showed on Saturday in a further sign that China’s burgeoning recovery could be stoking price pressures.

The National Bureau of Statistics said in the same release China’s producer price index dropped 1.6 per cent in the year to February, the same pace as in January.

9 Mar 2013 - 2:47pm

Mainland inflation down but signs of rising pressure

China CPI year-on-year

The mainland's inflation rate eased from December's seven-month high to just 2 per cent year on year in January but economists warn of greater inflationary pressure ahead.

9 Feb 2013 - 4:51am

People's Bank of China sounds alarm over inflationary pressures

Economists fear inflation may bring a rate rise this year.

The mainland's service sector recorded the fastest growth since August last month as the non-manufacturing purchasing managers' index (PMI) hit 56.2, according to the National Bureau of Statistics. A reading above 50 indicates an expansion of business activities.

8 Feb 2013 - 3:25am 1 comment