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China’s inflation accelerates as food-price gains quicken
Business Mirror ^ | 09 December 2012 18:39

Posted on 12/09/2012 7:34:03 AM PST by BenLurkin

CHINA’S inflation rebounded from a 33-month low as food costs rose the most since August, while deflation in factory-gate prices eased for a second month.

The consumer price index rose 2 percent in November from a year earlier, the National Bureau of Statistics said on its web site on Sunday. That compares with the 2.1-percent median estimate in a Bloomberg News survey of 35 economists and 1.7-percent gain in October. Producer prices fell for a ninth month, while the pace of the decline moderated.

The data may herald a new round of inflation should the nation’s nascent growth recovery gather pace, with industrial-production and retail-sales data due later on Sunday forecast to show a pickup in November. Faster price gains may give the new leadership under Communist Party chief Xi Jinping less scope to loosen policies to aid expansion.

(Excerpt) Read more at businessmirror.com.ph ...


TOPICS: Business/Economy
KEYWORDS:
Bush's fault!
1 posted on 12/09/2012 7:34:06 AM PST by BenLurkin
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To: BenLurkin

Gotta love the media — “inflation rebounded”! It sure sounds like swell news, doesn’t it?


2 posted on 12/09/2012 7:43:09 AM PST by ClearCase_guy (Republicans have made themselves useless, toothless, and clueless.)
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To: ClearCase_guy

Along with hark the”herald a new round of inflation” fa la la la la, la la la!


3 posted on 12/09/2012 7:58:58 AM PST by justrepublican (Screaming like a "Vexatious requester" at a Wellstone memorial...........)
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To: BenLurkin

bttt


4 posted on 12/09/2012 8:10:51 AM PST by TEXOKIE (We must surrender only to our Holy God and never to the evil that has befallen us.)
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To: BenLurkin

But - but food and fuel prices are not counted in the inflation ind.


5 posted on 12/09/2012 8:41:29 AM PST by traumer
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To: BenLurkin

But - but food and fuel prices are not counted in the inflation ind.


6 posted on 12/09/2012 8:41:37 AM PST by traumer
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To: BenLurkin

The percentage of the average Chinese family income, spent on food, is much higher than in the West.

So, this inflation is more significant for them, than it would be here.


7 posted on 12/09/2012 11:15:57 AM PST by G Larry (Which of Obama's policies do you think I'd support if he were white?)
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