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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2797)	3/12/2004 6:48:40 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China's consumer prices jump 2.1 percent in February BEIJING: China's consumer prices jumped 2.1 percent in February compared to a year earlier, driven by rising food prices. However the figures were down 0.2 percent from January, marking the first month-on-month fall since July last year and indicating that inflationary pressures in the economy may be starting to ease. Advertisement According to earlier National Bureau of Statistics data, February's year-on-year growth rate is the slowest since October last year, and is down from 3.2 percent in January. Urban consumer prices, which take in goods ranging from rice to energy, rose 1.4 percent year-on-year, compared with 2.5 percent in January, while rural CPI was up 3.3 percent compared with growth of 4.4 percent in January. In the provinces, price increases varied between 0.1 and 4.3 percent during February. Food prices continued to drive growth, rising 5.6 percent year-on-year, although this was down on the eight percent growth seen in January. Non-food prices rose only 0.3 percent in February. Grain prices soared, up 17.5 percent, while meat and poultry prices rose 10.9 percent. The cost of fresh vegetable however dropped 10.4 percent. Consumer goods prices rose 2.3 percent and service prices were up 1.4 percent. Garment, clothing and home appliance prices were all lower in February while the price of housing, utilities and entertainment was up, the statistics showed. - AFP channelnewsasia.com