Financial and Business News

Chinese realized inflation of 7.1% for January

The index of users' prices in China, basic feature for inflation in the country, for January realized 7.1%, reported "Sinhua". According to Chinese experts, the government will catch the ways to solve the inflational problem. The datas for January are signing the highest monthly increasing of the pr4ices for more than 10 years. The high CPI Index was expected from market analyzers, and the largest Chinese State Bank predicted 7.5% for January.
The statistic bureau of the country explained that the prices of the foods had increased with 18.2% in January in comparison with the previous year, grain foods with 5.7%, the vegetable oil with 37.1% and the meat with 58.8%.
The important role had also the heavy snow gale, which paralized more the the half states of the country. The other important feature is that in January was the Sping Festival, most known as Chinese New Year, which increases the prices by itself.

Labels: Financial News

posted by Zoritza Petrova @ 3:40 AM