- CNTV English - CCTV News

Details on China's Q3 CPI

10-21-2010 13:56 BJT Special Report:China’s Economic Data for Sept. |

Watch Video

Play Video

Consumer Price Index is the main gauge for tracking inflation. China's September CPI is attracting big attention with its record high.

The CPI rose in July to its highest level since October 2008. It was up 3.3 percent from a year earlier, boosted by rising food prices after widespread floods. Food prices account for about a third of the weighting in calculating the CPI.

They climbed 6.8 percent in July. In August, the CPI rose to a 22-month high of 3-and-a-half percent from a year earlier, the fastest pace in nearly two years. This was brought on rising farm product prices caused by bad weather, and increasing demand. Food prices climbed 7-and-a-half percent year on year in August. It was the second consecutive month the CPI exceeded the government's full-year target of 3 percent. Facing September's CPI hit a record high in this year,the government would maintain stability and continuity in macro policies.

Sheng Laiyun, Spokesman of National Bureau of Statistics, said,"Based on the judgment, although the factors may result in a price increase,if we can manage the inflation expectation well, our macro economic control targets could be reached. We are confident about maintaining the national economic growth rate at 10 percent, and the rise in prices of consumer goods at 3 percent, because from January to September, we can see the average rise in prices is at 2.9 percent, which is quite remarkable."

Editor:Zhang Jingya |Source: CNTV

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