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CPI Growth Slows to 15-Month Low
Summary:Consumer prices in December were up by 4.1 percent from the same month a year earlier, marking a 15-month low for the rate of inflation in China.


Economic Observer Online
Jan 12, 2012
Translated by Zhu Na
Original Article:
[Chinese

Consumer prices in December were up by 4.1 percent from the same month a year earlier, marking a 15-month low for the rate of inflation in China.

The National Bureau of Statistics said on its website that food prices grew by 9.1 percent, with the sharpest increases coming for poultry and meat, particularly pork, which was 21.3 percent more expensive this December. Vegetables and fruit prices were up 11.5 percent and 4.4 percent respectively.

Non-food prices rose by a comparatively modest 1.9 percent, in spite of 3.8 percent growth in the price of clothing.

Consumer prices in December were up 0.3 percent from the previous month, with a 1.2 percent rise in food prices was balanced by a decline of 0.1 percent in the price of other goods.

The average year-on-year rate of inflation over 2011 was 5.4 percent.

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