CHINAEUROPE AFRICAASIA 中文双语Français
Business\Economy

China's February inflation forecast at 1.4%

Xinhua | Updated: 2017-02-28 10:05

China's February inflation forecast at 1.4%

A supermarket in Huaibei, Anhui province on Feb 14. Xie Zhengyi / For China Daily

BEIJING - China's consumer price index (CPI) is expected to grow by about 1.4 percent in February from a year earlier, the Bank of Communications said on Monday.

The official CPI in February, a main gauge of inflation, is due to be released by the National Bureau of Statistics (NBS) on March 9.

A drop in vegetable, egg and aquatic product prices may drag down the February CPI, as food prices account for nearly one-third of the prices used, said Tang Jianwei, the bank's senior economist, in a report.

The growth of food prices in February are expected to decrease 1.8 percentage points from last month, said Tang.

Annual CPI growth will be around 2.5 percent, well below the official target of around 3 percent, according to the report.

China's CPI rose 2.5 percent year on year in January, up from the 2.1-percent rise in December, NBS data showed.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US