Beijing, April 9 (Xinhua) - China's consumer inflation recovered to the positive territory in March, while the prices of the factory door increased on the back of An increase in commodity prices and the country's Economic recovery, official data showed on Friday.

The consumer price index (IPC), a main inflation indicator, increased 0.4 percent year after year in March, investing the fall of the 0.2 percent in February, according to the data of the National Statistics Office (NBS).

The reading of CPI collected when non-food prices increased in the middle of rally at commodity prices and at the recovery of service prices, while That the effect of last year's high comparison base decreased, said the NBS.

Non-food prices increased by 0.7 percent year over year. In March, compared to the decrease of 0.2 percent in February, with the industrial consumer goods that grow for the first time in the last year due to the increase in PR ICES. Food prices fell 0.7 percent year after year, dragging consumer inflation at 0.12 percentage points, according to NBS.

The path effect sent the inflation of the IPC down at 0.6 percentage points, while the new price increases opened the growth at 1 percentage point, the data of NBS showed.

On a monthly basis, the IPC decreased 0.5 percent, with food prices at 3.6 percent due to fall demand After the Spring Festival, Dong Lijuan said, a senior statistician with the NBS.

China has established its consumer inflation target at around 3 percent by the year 2021, according to the Government's work report this year.

Friday The data also showed that Chinese producer prices increased at a faster rhythm in March at the highest level since July 2018 in the middle of a recovery Constant in domestic demand.

The producer price index (PPI), which measures the costs of the goods at the factory door, increased by 4.4 percent year the year Past, acceleration of the 1.7 percent increase in February.

China's factory prices go back to positive growth in January, the first time since the outbreak of Coronavirus's novel as the economy recovered constantly after of effective epidemic control.

Month a month, the PPI won 1.6 percent, driven by price increases of global commodities.

Among the 40 industrial sectors surveyed, 30 Sierra's prices increase the month in the month, while six low prices and four remained unchanged.

A breakdown of the data showed that the PPI for the gas and natural gas extraction sector at 6.8 percent of the month occurred. To continue growth in international crude oil prices.

The expected rally in the internment The prices of commodities will increase more at the prices of the factory door in China in the future, according to Yingda Securities.

China's Economic growth collected steam in the first quarter of 2021 as the main Economic indicators improved enormously during the period.

The above data showed that China's manufacturing and services sectors recorded faster growth in their commercial activities in March, since production and demand increased by following The Spring Holiday Festival.

The Index of Purchasing Administrators for the China manufacturing sector was performed at 51.9 in March, bordered by 50.6 in February.

Meanwhile, the International Monetary Fund on Tuesday projected that the Chinese economy will grow 8.4 percent by 2021, 0.3 percentage points above its prognosis from January.

China aims to expand your gross domestic product (GDP) by more than 6 percent

Categories:
Beijing  Economic 

Image of How to find a teaching job in Universities in China
Rate and Comment
Image of 
                    China to launch first crew to new space station
China to launch first crew to new space station

Shenzhou-12: China to launch the first crew to the new space station Published 4 hours agasosharcacelloshare pagecopy linkabout SharingImage Copyrig

Read more →

Login

 

Register

 
Already have an account? Login here
loader

contact us

 

Add Job Alert