steel
Futures Trader
5th Place - Road to Opex 4
Posts: 370
|
china
Apr 8, 2012 20:42:47 GMT -5
Post by steel on Apr 8, 2012 20:42:47 GMT -5
China March Inflation Rebounds to 3.6%, Above Forecast
|
|
|
china
Apr 8, 2012 21:06:18 GMT -5
Post by tendermyshares on Apr 8, 2012 21:06:18 GMT -5
Consumer prices up, but producer prices down. Now that hardly seems fair. C'mon China.
Actually Producer prices are a leading indicator, so next month inflation should be down.
Highlights March consumer price index was up more than expected. The CPI was up 3.6 percent on the year while analysts expected a 3.3 percent increase. The index was up 0.2 percent on the month. Both the urban and rural indexes were also up 3.6 percent. Food prices were up 7.5 percent after increasing 6.2 percent in February. Non-food was up 1.8 percent, about the same as in February. Clothing prices were 3.8 percent higher, the same as the month before. Health care prices subsided to a 2.2 percent increase from 2.5 percent the month before. First quarter CPI was up 3.8 percent in 2012 compared with an increase of 5.0 percent in the first quarter of 2011.
March producer prices were down 0.3 percent on the year after remaining flat in February. On the month the PPI was up 0.3 percent. Raw materials prices inched up 0.1 percent after increasing 1.0 percent the month before. Production prices slid 0.8 percent after declining 0.5 percent. Consumer prices however, were up 1.4 percent after rising 1.7 percent in February. Ferrous metals and non-ferrous metal prices were down 4.2 percent and 4.0 percent respectively. In the first quarter, the PPI inched up 0.1 percent. For the same quarter a year ago, the PPI jumped 7.0 percent.
|
|