Price increases of daily goods may impact on inflation

0 Comment(s)Print E-mail Shanghai Daily, April 9, 2012
Adjust font size:

A new round of price increases announced recently by major makers of cooking oil, milk powder and shampoo won't have a big impact on consumer inflation in China for several months to come, several economists said.

"The increases will put pressure on prices in the second half of the year," said Wang Xiaru, an economics analyst at Changjiang Securities.

The National Bureau of Statistics is due to release March consumer price data today. Analysts see inflation at 3.5 percent last month, up slightly from 3.2 percent in February.

The higher prices for daily necessities announced in March won't show up in the official data until the second half of the year, economists said.

In late March, cooking oil producers Arawana and Fulinmen raised retail prices on peanut and canola oils by an average 8 percent. Powdered milk companies Nestle and Mead Johnson said they will raise prices by about 10 percent this month. And Procter & Gamble said prices of its Head & Shoulders and Vidal Sassoon brands of shampoo rose between 10 percent and 20 percent from April 1.

Wang said the effect of new price hikes won't be reflected in the consumer price index until September, peaking in the run-up to the Mid-Autumn Festival and National Day holidays.

Li Wei, an economist at Standard Chartered, said: "Daily necessities go up in price every year. China's economic slowdown will help ease pressure on prices."

Arawana and Fulinmen said they were raising prices of cooking oil because of rapidly rising peanut costs and higher transport costs after the government increased gasoline prices to a record last month.

The price of peanuts rose 55 percent to 14,000 yuan (US$2,219) a ton after the Chinese New Year in late January, an Arawana spokesman was quoted as saying in Qingdao-based Peninsula Metropolis yesterday.

"Inflation pressure for the second quarter is going to be small," said Li Xunlei, chief economist with Guotai Jun'an Securities.

Food prices have been a key focus of inflation watchers because they are keenly felt by ordinary people in China, who spend about a third of their disposable income on food. In February, the food price component of the CPI rose 6.2 percent.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

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: 好男人视频社区www在线观看| 最近中文字幕2019高清视频| 成人毛片全部免费观看| 人人干在线视频| 黄页网站在线观看视频| 国产美女被爆羞羞视频| 久久99国产亚洲精品观看| 欧美色图五月天| 国产v亚洲v天堂a无码| 720lu国产刺激在线观看| 教官你的太大了芊芊h| 亚洲欧美一区二区三区孕妇| 色窝窝无码一区二区三区成人网站 | 久久精品国产亚洲av不卡| 欧美亚洲另类热图| 亚洲成人免费看| 永久免费视频v片www| 国产AV寂寞骚妇| h视频在线观看免费观看| 国产色产综合色产在线视频| 中文字幕在线播放不卡| 日本尹人综合香蕉在线观看| 亚洲天堂中文字幕在线观看| 波多野结衣中文无毒不卡| 国产va免费精品| 高清欧美性暴力猛交| 国产精品自在线拍国产电影| 99网站在线观看| 扒开双腿疯狂进出爽爽爽动态图| 亚洲午夜爱爱香蕉片| 精品剧情v国产在线麻豆| 国产成人免费片在线视频观看| a级毛片免费观看视频| 寂寞山村恋瘦子的床全在线阅读| 中文字幕亚洲激情| 日韩精品在线看| 亚洲成在人线中文字幕| 毛片免费视频播放| 亚洲精品免费在线视频| 特级毛片AAAAAA| 啊灬啊灬别停啊灬用力啊在线观看 |