Date
20 November 2017

China 2013 inflation seen within 3.5% target, paper says

China’s consumer price index (CPI) growth for the full-year 2013 is expected to be within the official target of 3.5 percent, given the slightly weaker gross domestic product growth in the fourth quarter, Beijing Morning Post reported Sunday. The National Bureau of Statistics announced Saturday that CPI rose 3.2 percent year on year last month, 0.1 percentage point higher than the growth pace recorded in the previous month. Food prices continued to rise in October, while alcohol products saw prices fall further. Travel services prices were up 8.4 percent year on year, with the growth rate 3.5 percentage points higher than that seen in the previous month. For the ten months to October, consumer prices were up 2.6 percent year on year. 

– Contact HKEJ at [email protected]

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