CCTV.com - CNTV English - CCTV News

China December inflation eased to 4.1%

01-12-2012 19:26 BJT

Watch Video

Play Video

Fresh figures from China’s official statistics agency show the country’s December Consumer Price Index has continued to slow. The main gauge of inflation came in at 4.1 percent year-on-year, a 15-month low. CCTV reporter Yin Hang reports from Beijing.

Some price relief just a week before the traditional Chinese New Year is music to consumers’ ears.

December’s CPI accelerated 4.1 percent, from November’s 4.2 percent - a 15 month low.

However - while non-food prices only rose 1.9 percent in December, food inflation stayed high, climbing 9.1 percent.

Dr. Liu Youfa, Vice President of China Institute of Int'l Studies, said, "Government policies targeting inflation...spring festival supply..."

But analysts say it may be too soon to say the battle against inflation is won. They say price pressures may continue in the medium- to long-term. The rising cost of labour, energy and raw materials could fuel rising prices, while imported inflation could also weigh on China.

Many economists predict prices will rise, by an average of 4 percent in 2012.

"Inflation prediction...property sector..." Dr Liu said.

The Producer Price Index, the gauge of factory prices, was up 1.7 percent year-on-year in December. That’ down from November’s 2.7 percent. Analysts say that will also help ease inflationary pressures.

As China’s CPI has fallen over recent months, many expect the central bank to ease its monetary policy to boost economic growth.

Editor:Zheng Limin |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program