Date
20 September 2017

February CPI tipped to rise 2.3%, paper says

China’s consumer price index, the main gauge of inflation, is projected to rise 2.3 percent in February, down 0.2 percentage points from last month, China Daily reported Thursday citing data from Industrial Bank Co Ltd. Food prices are expected to grow 2.4 percent this month while non-food inflation is forecast to rise 0.2 percent, both slower than in January, the report said. Prices of aquatic produce, meat, egg, vegetables and bean products fell in mid-February after a sharp rise during the Spring Festival. Meanwhile, fruit prices remain unchanged, the National Bureau of Statistics, said.

– Contact HKEJ at [email protected]

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