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在线翻译:
szdaily -> Business -> 
Factory inflation slows, CPI growth hits new high
    2018-03-12  08:53    Shenzhen Daily

THE country’s producer price inflation eased to the slowest pace in 15 months in February, as the cost of raw materials and other inputs rose at a milder pace, pointing to a potential softening in industrial sector profits.

Consumer inflation picked up to its highest rate since November 2013, however, largely due to higher food prices as China celebrated the Lunar New Year holiday, official data showed Friday.

The producer price index (PPI) rose 3.7 percent in February from a year earlier, compared with 4.3 percent in January, the National Bureau of Statistics (NBS) said Friday.

China’s factory-gate inflation has now softened for four months in a row, suggesting that profits for miners, steelmakers and manufacturers will start to moderate after surging to their strongest levels in years in 2017.

That would give the country’s “smokestack” industries, which are dominated by State-owned giants, less cash flow to service and pay down their debts.

The consumer price index (CPI) rose 2.9 percent from a year earlier, more than expectations and quickening from January’s gain of 1.5 percent. Analysts had expected a pickup to 2.5 percent.

On a month-on-month basis, the CPI rose 1.2 percent.

CPI rose 2.2 percent for January-February period.

The core consumer price index, which strips out volatile food and energy prices, rose 2.5 percent in February, faster than 1.9 percent in January.

“The year-on-year increase in CPI is expected to ease in March as holiday effects recede,” Sheng Guoqing, a statistics bureau official said in a commentary accompanying the data release.

The food price index rose 4.4 percent from a year earlier due to a low base last year, after falling 0.5 percent in January. Non-food prices rose 2.5 percent, compared with 2 percent in the previous month.(SD-Agencies)

 

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