Inflation in food prices slows

0 CommentsPrint E-mail China Daily, February 15, 2011
Adjust font size:

A rise in the price of most food items included in a government-monitored list slowed between Feb 1 and 10, according to data released by the National Bureau of Statistics on Monday.

The average rise in the prices of 29 food items in 50 major cities during the first 10 days of February is close to 2.6 percent, down from the 4.6 percent seen in the last 10 days of January, the data showed.

From the list, the price of bananas increased the most, by 10.1 percent. Meanwhile, the price of vegetables surged by 5.2 percent on average, compared with the 14.1 percent increase in the previous month. Prices of four food items, including rapeseed oil and peanut oil, decreased slightly.

Moves by the Chinese government to control inflation helped to lower prices to some extent, and this could result in a drop in the consumer price index (CPI) for the month of February, said analysts and officials.

After the shopping spree for the Chinese lunar new year holidays, food prices could ease and see February CPI come in at less than 5 percent, said Wang Tao, chief economist of the UBS Securities Co Ltd.

"January CPI, which will be announced on Tuesday, is likely to be 5.4 percent, and will be more than 5 percent on average for the first half of this year," said Wang.

However, the temporary relief in food prices is unlikely to ease inflationary pressures in the country.

The colder-than-usual winter weather in many parts of China has already begun to affect food prices, according to a report from JP Morgan Securities (Asia Pacific) Limited.

Moreover, a recent drought in the grain-producing northeastern part of the country may reduce grain harvests this year and inflate prices, said the report.

The index of prices for a basket of major consumer food items rose 7.3 percent in January, according to data from the Ministry of Agriculture.

Lian Ping, chief economist of the Bank of Communications, predicted that food prices in January may be between 2.2 and 2.7 percentage points higher than in December 2010, and that non-food prices may increase by 2.2 percent. "The inflation for January will rise from December to no less than 5 percent," he said.

Excessive liquidity, boosted by the monetary easing policies of some major world economies, including the United States, will still contribute to China's soaring inflation, said Lian. Additionally, the increasing price of international commodities will also increase prices in China, he said.

September-delivery wheat on the Zhengzhou Commodity Exchange jumped 3.7 percent to a record 3,110 yuan ($471) a metric ton on Monday, according to Bloomberg News.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 成人网视频免费播放| 欧美成人免费午夜全| 国产乱码一区二区三区四| 三上悠亚在线网站| 在公车上被一个接一个| www.日本高清视频| 成人免费在线视频网站| 久久www成人看片| 日韩在线免费视频| 亚洲av无码不卡一区二区三区| 清纯女神被老头耸动| 免费观看日本污污ww网站一区| 美女把尿口扒开让男人桶| 国产乱妇乱子在线播视频播放网站 | www.中文字幕在线观看| 成人av鲁丝片一区二区免费| 主播福利在线观看| 日本国产中文字幕| 久久国产亚洲观看| 日韩三级中文字幕| 九九九国产视频| 最近最新中文字幕高清中文字幕网| 亚洲国产欧美日韩第一香蕉 | 色88久久久久高潮综合影院| 国产免费久久精品99久久| 麻豆va在线精品免费播放| 国产成人无码精品久久久露脸| 色偷偷8888欧美精品久久 | 四影虎影ww4hu32海外网页版| 六月丁香婷婷综合| 久久这里只精品热免费99| 中文人妻无码一区二区三区| 99re99.nat| 麻绳紧缚奴隷女囚| 精品人妻人人做人人爽夜夜爽 | 韩国特黄特色a大片免费| 精品国产一区二区三区免费| 欧美国产小视频| 奇米色在线视频| 久久久久久亚洲精品无码| 日本午夜理伦三级在线观看|