jeudi 9 avril 2015
China inflation holds steady in March
Posted on 20:06 by nice news
China's consumer inflation held steady in March, but wholesale prices remained entrenched in deflation, signalling a favorable environment for further government stimulus.
The consumer price index (CPI) rose 1.4 percent on year, above expectations of a 1.3 percent rise predicted in a Reuters poll and following a 1.4 percent rise in February.
Wholesale prices, or the producer price index (PPI), fell 4.6 percent in March, better than the average forecast of a 4.6 percent, and after dropping 4.8 percent in February.
Markets were mixed in early trading after the data were released. The Shanghai Composite was down 0.5 percent, while the Hang Seng index was 1.4 percent higher.
A plunge in oil prices, weak consumption and a slowing property sector have driven prices lower in recent months, even as China's economy braces for slower growth this year.
Beijing last month set a growth target of around 7 percent for this year. China's economy expanded 7.4 percent in 2014, its slowest pace in 24 years.
The consumer price index (CPI) rose 1.4 percent on year, above expectations of a 1.3 percent rise predicted in a Reuters poll and following a 1.4 percent rise in February.
Wholesale prices, or the producer price index (PPI), fell 4.6 percent in March, better than the average forecast of a 4.6 percent, and after dropping 4.8 percent in February.
Markets were mixed in early trading after the data were released. The Shanghai Composite was down 0.5 percent, while the Hang Seng index was 1.4 percent higher.
A plunge in oil prices, weak consumption and a slowing property sector have driven prices lower in recent months, even as China's economy braces for slower growth this year.
Beijing last month set a growth target of around 7 percent for this year. China's economy expanded 7.4 percent in 2014, its slowest pace in 24 years.
China inflation holds steady in March
Categories: China inflation holds steady in March
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