| Consumer Price Index would be Sliding Down in the Second Half Year |
| Friday,May 14,2004 Posted: 08:05 BJT(0005 GMT) |
It is estimated from the People’s Bank of China, the continuously rising CPI would be up in the second quarter, but it would be sliding down in the second half year. In the first quarter of 2004, the accumulative CPI is up by 2.8%, 2.3% higher than of the same period of previous year in growth rate, and 0.1% higher than the fourth quarter of 2003. CPI is up by 3% in March 2004. Of which, foodstuff is up by 2.6%, non-foodstuff up by 0.4%. The pressure of inflation was amounting in the first quarter under the impact of various factors. Currently, our price rise in primary products is higher than the middle-linked products, and middle-linked products higher than the finished products, which will cause the inflation pressure. (Information by Network Center of MOFCOM) |
All articles marked with "Article type: Original" posted on the website of the Ministry of Commerce and its sub-sites are copyrighted by this Website and its sub-sites. Any reproduction or use by any other websites, media or individuals must be attached with a clear indication of "Source: Ministry of Commerce Website".
All articles posted on this website or its sub-sites marked with "Article type: reproduced" or "Article type: translated" and "Article type: redistributed" come from other media, and are provided solely for the user's information, which does not mean this Website or its sub-sites endorse the ideas thereof or assume any legal liability or responsibility for their authenticity. Any other media, websites or individuals must maintain the source of information indication on this Website or its sub-sites when using the information, and shall assume legal liability for the use.
