China February CPI, PPI CPI double down first negative reading in six years

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March 10, the National Bureau of Statistics of China's consumer price index (CPI) and producer price (PPI) monthly. Data show that in February, CPI down 1.6%; PPI fell 4.5 percent. State Information Center, experts say, CPI, PPI both declined, making the gradual dominance of potential deflationary pressures. The CPI is from the December 2002 first negative reading since. (Data plan) issued Xiong by CNS photo

  Q8 \6 [# o% t5 q3 g; N+ U China news agency, Beijing,chaussures tn nike, March 10 (Reporter Wang Yongzhi) - National Bureau of Statistics released on the 10th China's consumer price index (CPI) and producer price (PPI ) monthly.
# b8 K# |3 K% e$ M% g6 W+ M' S data show that in February, CPI down 1.6%; PPI fell 4.5 percent. State Information Center, experts say, CPI,chemises polo ralph lauren, PPI both declined, making the gradual dominance of potential deflationary pressures. The CPI is from the December 2002 first negative reading since.

eight in the CPI index, the present situation of the five down 3 liters. Of which: Food prices fell 1.9 percent,abercrombie fitch jackets, especially pork prices fell 18.9% the most obvious, is also driving food prices drop; clothing prices fell 2.3 percent; traffic and communications class prices fell 3%; recreation,cheap jordan shoes, education and cultural articles decreased 1.1 percent year on year prices; Housing prices fell 2.9 percent. At the same time, the National Development and Reform Commission, the National Bureau of Statistics released Joining 70 cities nationwide housing sales price also showed that house prices in February were down year on year the chain.

/ }( ~/ a6 b  S8 ]! }2 x3 c 3 l was: Tobacco product prices rose by 2%; household equipment and maintenance services prices rose 2.1%; medical care and personal articles increased year on year percentage price of 1.3.

In addition, the first two months of total, the consumer price index fell 0.3 percent.
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data also showed that in February,cheap ed hardy clothes, industrial prices down 4.5%, raw materials,juicy couture tracksuits, fuel and power purchase prices fell 7.1 percent, crude oil prices fell Percentile of 56.3, chemical product prices fell 23 percent are between.

While the central government economic policy of insurance filed one after another, but in the background of the international financial crisis, the downward pressure on the Chinese economy is still great. Central bank Deputy Governor Su Ning said China's current price drop is mainly caused by the decline in external demand. He believes that China is now the policy to expand domestic demand by increasing investment in fixed assets, increasing the people's livelihood projects, technology and environmental input, can be gradually offset the impact of reduced external demand. With the gradual implementation of measures to expand domestic demand, economic growth rate will gradually rise.