FOREX TradingCharts.com

Financial News: China Inflation Eases; Producer Prices Turn Negative

China Inflation Eases; Producer Prices Turn Negative

03/10/2020 - 00:01:00 (RTTNews)

(RTTNews) - China's consumer price inflation slowed slightly in February on slowing non-food price growth and producer prices returned to deflation as factory shutdowns after corona virus outbreak lowered demand.

Consumer prices advanced 5.2 percent on a yearly basis in February, slower than the 5.4 percent increase seen in January, data published by the National Bureau of Statistics showed Tuesday. The rate came in line with expectations.

Food prices surged 21.9 percent due to sharp 135.2 percent increase in pork prices. At the same time, non-food prices climbed only 0.9 percent.

The sudden outbreak of corona virus had a complicated impact on the price trend, the NBS said in a statement.

The increase in food prices reflects transportation control implemented across the country. The shortage of manpower disrupted supply and increased cost, the NBS noted. The coronavirus outbreak is putting downward pressure on inflation, Julian Evans-Pritchard, an economist at Capital Economics, said. While supply chain disruptions have kept food prices high, weaker demand has weighed on the price of other goods and services.

On a monthly basis, consumer prices gained 0.8 percent, slower than the 1.4 percent rise in January.

Another report from NBS showed that producer prices declined 0.4 percent annually in February, in contrast to a 0.1 percent rise a month ago. Prices were forecast to fall 0.3 percent.

Month-on-month, producer prices fell 0.5 percent in February.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Moody's Affirms New Zealand's Credit Ratings (37 min(s), 55 sec(s) ago)
(RTTNews) - Moody's Investors Service on Thursday affirmed the sovereign ratings of New Zealan ...Full Story»

Eurozone Producer Prices Fall Further (01 hr(s), 12 min(s), 55 sec(s) ago)
(RTTNews) - Eurozone producer prices declined at a faster pace in February, data from Eurostat sho ...Full Story»

Spain Unemployment Surges In March (01 hr(s), 43 min(s), 55 sec(s) ago)
(RTTNews) - Spain's unemployment increased sharply in March due to the lockdown announced afte ...Full Story»

UK House Price Growth Fastest Since Early 2018: Nationwide (03 hr(s), 02 min(s), 55 sec(s) ago)
(RTTNews) - UK house prices grew at the fastest pace in more than two years in March before the co ...Full Story»

Swiss Consumer Prices Fall For Second Month (03 hr(s), 28 min(s), 55 sec(s) ago)
(RTTNews) - Switzerland's consumer prices declined for the second month in a row in March, the ...Full Story»

Romania Producer Price Inflation At 4-month Low (03 hr(s), 39 min(s), 55 sec(s) ago)
(RTTNews) - Romania's producer price inflation lowest in four months in February, figures from ...Full Story»

UK House Price Growth Accelerates In March (04 hr(s), 16 min(s), 55 sec(s) ago)
(RTTNews) - UK house prices increased at the fastest pace since January 2018, data from the Nation ...Full Story»

India Manufacturing Growth Weakest In Four Months (04 hr(s), 22 min(s), 55 sec(s) ago)
(RTTNews) - India's manufacturing sector growth slowed in March due to a softer rise in output ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Moody's Affirms New Zealand's Credit Ratings

04/02/2020 - 05:56 AM (RTTNews)
(RTTNews) - Moody's Investors Service on Thursday affirmed the sovereign ratings of New Zealan ...Full Story>>

Eurozone Producer Prices Fall Further

04/02/2020 - 05:21 AM (RTTNews)
(RTTNews) - Eurozone producer prices declined at a faster pace in February, data from Eurostat sho ...Full Story>>

Spain Unemployment Surges In March

04/02/2020 - 04:50 AM (RTTNews)
(RTTNews) - Spain's unemployment increased sharply in March due to the lockdown announced afte ...Full Story>>

UK House Price Growth Fastest Since Early 2018: Nationwide

04/02/2020 - 03:31 AM (RTTNews)
(RTTNews) - UK house prices grew at the fastest pace in more than two years in March before the co ...Full Story>>

Swiss Consumer Prices Fall For Second Month

04/02/2020 - 03:05 AM (RTTNews)
(RTTNews) - Switzerland's consumer prices declined for the second month in a row in March, the ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.