China’s CPI rises by 2.7 percent in February

Thursday, 11 March 2010 14:36:01 (GMT+2)

According to China's National Bureau of Statistics, in February this year China's overall consumer price index (CPI) rose by 2.7 percent year on year. Meanwhile, the CPI for the first two months of the year increased by 2.1 percent year on year. China's CPI ended nine successive months of decline in November last year, when it rose by 0.6 percent.

During the first two months of 2010 China's producer price index (PPI) for industrial products increased by 20.7 percent year on year.

Also during the first two months of 2010, urban fixed assets investment in China increased by 26.6 percent year on year to RMB 1.3014 trillion ($190.57 billion), with this growth 0.1 percentage point higher compared with the growth rate for the same period of last year. Investment in state-controlled enterprises increased by 27.4 percent year on year to RMB 571.5 billion ($83.69 billion) and investment in real estate development increased by 31.1 percent to RMB 314.4 billion ($46.04 million).

During the period in question, total retail sales of social consumer goods rose by 17.9 percent year on year to RMB 2.5052 trillion ($366.87 billion).

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