China Financial Daily

China’s CPI and PPI news: CPI rose 2.7% year on year, inflationary pressures surge, whereas the real estate investment is growing
News on March 11, 2010: Today, the National Bureau of Statistics announced in February CPI rose 2.7%, PPI up 5.4%. According to statistics, in February CPI, PPI data are hitting 16-month high. 1-2 months, the consumer price (CPI) rose 2.1% (compared to last year fell by 0.3%). 1-2 months, industrial producer prices (PPI) rose 4.9% (down 3.9% a year earlier).

In February, consumer prices rose 2.7% (for the same month last year down 1.6%), or expansion of 1.2 percentage points over the previous month. In cities rose 2.6% in rural areas rose 2.9%; food prices rose 6.2%, non-food prices rose 1.0%; consumer prices rose 3.0%, prices of services rose 1.7%. 1-2 months, consumer prices rose 2.1% (compared to last year fell by 0.3%). In February, consumer prices rose 1.2% in the chain. Among them, in urban areas rose 1.2% in rural areas rose 1.1%; food prices rose 3.3%, non-food prices rose 0.1%; consumer prices rose 1.2%, prices of services rose 1.0%.

In February, industrial producer prices (PPI) rose 5.4% (a year earlier after falling 4.5%), or expansion of 1.1 percentage points over the previous month; 1-2 months, industrial producer prices rose by 4.9% (same period last year decline 3.9%). In February, capital goods prices rose 6.8%, of which the extractive industries rose 37.6%, raw materials industry rose 10.1%, processing industry rose 1.3%; consumer goods prices rose 1.0% in food rose 2.0 percent, clothing up 2.6%, daily use increased by 0.6%, durable consumer goods prices fell 1.4%. February, chain PPI rose 0.4%.

Bureau of Statistics article also mentioned that 1-in February, above-scale industrial added value increased by 20.7%, compared with a year earlier, accelerating 16.9 percentage points in December 2009 compared with an acceleration of 2.2 percentage points.

1-2 months, urban fixed-asset investment 1.3014 trillion yuan, up 26.6% over the same period last year to speed up 0.1 percentage point. Among them, the state-owned and state-controlled investment 571.5 billion yuan, an increase of 27.4%; real estate development and investment 314.4 billion yuan, an increase of 31.1%.

1-2 month, total retail sales of consumer goods in total 2.5052 trillion yuan, up 17.9%, compared with a year earlier, accelerating 2.7 percentage points higher than in 2009 to speed up 2.4 percentage points.

In February, industrial producer prices rose by 5.4% (a year earlier after falling 4.5%), or expansion of 1.1 percentage points over the previous month; 1-2 months, industrial producer prices rose by 4.9% (down 3.9 for the same period last year %).

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