Advertising Console

    China's Consumer Price Index Rises in January

    Repost
    NTDTelevision

    by NTDTelevision

    847
    16 views
    For more news and videos visit ☛ http://english.ntdtv.com
    Follow us on Twitter ☛ http://twitter.com/NTDTelevision
    Add us on Facebook ☛ http://on.fb.me/s5KV2C

    And China's consumer price index rose 4.5 percent year-on-year in January, the National Bureau of Statistics reported Thursday. The index is a measure of how much goods and services cost to households and individuals.

    The growth rate was the highest in three months, accelerating from 4.1 percent in December and 4.2 percent in November.

    Food prices, which account for nearly one third of the basket of goods in the nation's CPI calculation, climbed 10.5 percent in January from one year earlier and contributed 3.29 percentage points to January's CPI rise.

    Pork prices rose by 25 percent and vegetables by 23 percent, contributing 0.75 percentage point and 0.67 percentage points, respectively, to the figure.

    Non-food prices increased by 1.8 percent.

    The carryover factor, which measures the impact of last year's prices on year-on-year changes in this year's prices, contributed 3 percentage points to January's CPI growth, according to NBS data.