China Inflation Slows to 2% in January of 2013


In China, the Consumer Price Index (CPI) increased by 2 percent from a year earlier, down from 2.5 percent recorded in December of 2012. The increase was mainly driven by food items, which grew by 2.9 percent.

Among food items, the largest increases were registered in Food (4.7 percent), Grease (4.6 percent) and Milk and dairy products (3.7 percent) categories. The biggest decline was registered for prices of Fresh fruit and Pork.

Among non-food goods, the largest increases were registered in residential goods (2.5 percent), clothing (2.2) and consumer goods (2.0 percent). The only industry for which prices slightly declined was transport and communication (-0.3 percent).
 
Inflation in rural areas registered a higher increase (2.2 percent), compared to urban areas (2.0 percent).
 
On the month over month basis, consumer prices were up 1 percent, compared to 0.8 percent in the previous month.

Nuno Salva | nuno.salva@tradingeconomics.com
2/8/2013 1:22:46 PM