Feb 09 - NBS: CPI 4.5% YoY and PPI 0.7% YoY in January

Source: NBS, NBS, ChinaScope Financial (Data)

+    According to the National Bureau of Statistics (NBS), the consumer price index (CPI) was 4.5% year-on-year higher in January, up 0.4 percentage point from December.

+    Food inflation rebounded to 10.5% year-on-year, up 1.4 percentage points from December. Meanwhile, non-food inflation decreased by 0.2 percentage point, and landed at 1.8% year-on-year.

+    The growth of producer price index (PPI) recorded a 26 month low at 0.7% year-on-year, down a whole percentage point from December.

+    Related Data: CPI & PPI, CPI - Food and Non-food

Figure from January shows that the YoY growth of CPI increased for the first time since July last year, while PPI growth continues its steep fall. Food inflation remains high, adding inflationary pressure.

Other News Headlines:

nNational Bureau of Statistics: CPI 4.5% YoY and PPI 0.7% YoY in January

n MOF Issues One-Year Treasury Bonds with Higher Rate Than Expected

n Zhejiang Enhances Supervision on Small-Loan Companies

n Commercial Housing Sales Decreased 20.5% in Space in Zhejiang

n Jianghuai Auto: Jan. Sales Reached 28,800 Units

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