[ad_1]
Beijing, November 9 (EFE) .- China's consumer price index (CPI), the leading indicator of inflation, rose 2.5% in October over the same month of last year, mirroring the progress recorded in September, the National Bureau of Statistics (ONE) announced today.
However, ONE's chief statistics officer, Sheng Guoqing, reported a "slight drop" in the rate of growth of inflation compared to September, it was 0.2% against 0.7% on last month, what he attributed mainly to the drop in food prices.
However, in interannual terms, the main factor in the progression was precisely the market price. food, which increased by 3.3% compared to October 2017.
The protagonists of this increase were the price of fruits (11.5%), fresh vegetables (10.1%) and fresh fruits and vegetables. eggs (7.8%); as regards meat. The price of lamb was the one that increased the most in annual terms (9.9%), followed by beef (4.5%) and chicken (4.3%).
Despite this, pork – the main source of food for the Chinese – decreased by 1.3%.
In addition, non-food products rose 2.4%, with the price of gasoline playing a dominant role (22.5%). ) and diesel (25%), with gains well above those of education (3.2%), health services (2.6%) and housing (2.5%).
The NEB also announced today that the Producer Price Index (PPI), which measures wholesale inflation, rose 3.3% in October from the previous month, is below the 3.6% growth rate recorded by this indicator in September.
Of the 40 industrial sectors badyzed, 27 experienced price increases, 8 remained at the same level and 5 fell.
The experience of the oil and gas extraction industries on a 42.8% increase in their prices.
Other industries such as nonmetallic mining (7.3%), iron and steel rolling (6.9%) or even the one that is dedicated to the Operation and processing of chemical raw materials (6.1%).
The Chinese government's inflation target for 2018 is 3%, figure reaffirmed last April, while last year, it did not meet similar expectations , the advance recorded in the CPI finally being 1.6%.
Source link
