china august inflation drops to 20 onyear
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

China August inflation drops to 2.0% on-year

Arab Today, arab today

Arab Today, arab today China August inflation drops to 2.0% on-year

People shopping for produce at an outdoor
Beijing - AFP

Chinese consumer prices rose 2.0 percent in August on-year, official data showed Thursday, inflation in the world's second-largest economy slipping to a four-month low and remaining well below the government's annual target.
China's consumer price index (CPI) -- a main gauge of inflation -- also rose by 2.2 percent in the first eight months of the year from the same period in 2013, the National Bureau of Statistics said in a statement.
The result for August compared with an increase of 2.3 percent in July and was also lower than the median estimate of 2.2 percent in a survey of 15 economists by the Wall Street Journal.
The figures fall well short of the 3.5 percent annual inflation target set by the government in March.
Moderate inflation can be a boon to consumption as it encourages consumers to buy before prices go up, while falling prices encourage shoppers to delay purchases and companies to put off investment, both of which can weigh on growth.
The stable inflation figures came as worries have increased over the strength of China's economic outlook, with the effects of steps taken earlier this year to prop up slowing growth waning and worries intensifying over the potential for a bust in the country's property sector to upset the government’s forecasts.
Authorities have since April introduced measures to boost the economy by giving tax breaks to small enterprises, targeted infrastructure outlays and incentives to encourage lending in rural areas and to small companies.
The government on Monday announced that China's trade surplus surged to a record $49.8 billion in August as imports surprisingly fell and export growth slowed.
The data came on the heels of other figures, including manufacturing activity surveys, showing continued weakness in the economy and spurring further expectations among economists that authorities will unveil new measures to boost growth.
China's GDP accelerated to a higher-than-expected 7.5 percent in the second quarter from 7.4 percent during the first three months of the year, which was the worst since a similar 7.4 percent expansion in July-September 2012.
The government in March set its annual GDP growth target for 2014 at about 7.5 percent, the same as last year.
Overall food prices drove inflation, according to the NBS data, rising 3.0 percent from August last year, with double-digit increases in costs for fresh fruit and eggs.
Also Thursday, China's producer price index (PPI) -- a measure of costs for goods at the factory gate and a leading indicator of the trend for CPI -- worsened to a decline of 1.2 percent in August, the NBS said in a separate statement.
The result compared with a decrease of 0.9 percent in July. The last PPI increase was in January 2012, when it rose 0.7 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china august inflation drops to 20 onyear china august inflation drops to 20 onyear

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china august inflation drops to 20 onyear china august inflation drops to 20 onyear

 



GMT 21:16 2016 Monday ,27 June

Zaki Badr discusses cleaning problem in Giza

GMT 21:46 2017 Saturday ,14 January

Turkey arrests 60 businessmen for alleged Gulen ties

GMT 22:38 2017 Friday ,24 March

Abbas meets with Merkel in Berlin

GMT 09:02 2017 Monday ,27 March

Tunisian Premier Concludes Visit to Sudan

GMT 15:54 2017 Friday ,01 September

Attorney General Directs Prosecutors to inspect Prison

GMT 09:22 2017 Sunday ,31 December

HM King condoles with Afghanistan President

GMT 10:12 2016 Wednesday ,06 April

Strong dollar, mild weather shrink H&M profits

GMT 17:03 2016 Saturday ,24 December

7 police killed in attacks in Afghansitan

GMT 13:51 2017 Friday ,17 March

Israel denies Syria shot down a warplane

GMT 04:08 2017 Thursday ,05 January

Carbon tax can fund clean energy transition

GMT 19:27 2016 Wednesday ,14 September

Alstom to go ahead with plans to shut down Belfort plant
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday