China's inflation growth likely to moderate: report

Source: Xinhua| 2018-02-03 21:41:26|Editor: Zhou Xin
Video PlayerClose

BEIJING, Feb. 3 (Xinhua) -- Despite rising food and oil prices, China's inflation growth will likely moderate in January due to a high base a year ago, the Bank of Communications said in a report.

BOCOM predicted the consumer price index (CPI), a main gauge of inflation, will inch down to 1.4 percent year on year in January from the 1.8 percent growth in the previous month.

Food prices saw marked growth from a month ago as rain and snow across the country dampened the output of vegetables and other farm produce, according to the report.

Meanwhile, price spikes in domestic refined oil drove up the CPI's non-food sub-index as global crude prices hit the highest level in nearly three years last month.

But January's CPI will still moderate year on year as the price increases were offset by a high base in the same period of 2017, when consumer prices picked up by the fastest pace in two and a half years.

China's inflation has remained subdued since last February, mainly due to stable food prices, with the full-year growth at only 1.6 percent, below the government's annual inflation regulation target of around 3 percent.

BOCOM expects consumer prices to continue the mild trend this year with an increase of 2 percent.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001369469421
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲区偷拍区综合区 | 亚洲成网站在线播放观看 | 亚洲精品中文字幕乱码无线 | 在线观看国产一区二三区 | 亚洲一区二区中文字幕无 | 日韩一中文字幕在线视频 |