China's inflation drops to 2.1% in March
Updated: 2013-04-09 10:04
(Xinhua)
|
||||||||
BEIJING - China's consumer price index, a main gauge of inflation, grew 2.1 percent year-on-year in March, dropping from 3.2 percent in February, the National Bureau of Statistics said Tuesday.
The drop is mainly due to lower food prices according to the National Bureau of Statistics. It said in a statement that year-on-year growth of food prices slowed to 2.7 percent last month from 6 percent in February.
On a month-on-month basis, food prices dropped 2.9 percent in March, as vegetable supply grew due to rising temperatures and food demand dropped from February, in which the traditional Spring Festival holiday fell.
The March CPI fell below experts' forecasts at around 2.5 percent.
Wang Jun, an economist with the China Center for International Economic Exchanges, said mild inflation in the first quarter laid a good foundation for achieving the target of inflation control for the year.
China aims to hold this year's consumer inflation at around 3.5 percent, according to the government work report released last month.
- China's central bank sees uncertainty in inflation
- Surveys show improving economic confidence, rising inflation concerns
- China should remain on high alert for inflation
- China's Feb inflation rebounds to 10-month high
- CPI stimulated by festive spending
- CPI to reach 3.11% in 2013: study
- Most Chinese believe CPI will rise: poll
- Li Na on Time cover, makes influential 100 list
- FBI releases photos of 2 Boston bombings suspects
- World's wackiest hairstyles
- Sandstorms strike Northwest China
- Never-seen photos of Madonna on display
- H7N9 outbreak linked to waterfowl migration
- Dozens feared dead in Texas plant blast
- Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
TCM - Keeping healthy in Chinese way |
Poultry industry under pressure |
Today's Top News
Boston bombing suspect reported cornered on boat
7.0-magnitude quake hits Sichuan
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
Beyond Yao
|
Money power |