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China's CPI growth rebounds to 3.6% in Mar

Apr. 9, 2012 (China Knowledge) - China's consumer price index (CPI), the major gauge of inflation, increased 3.6% year on year in March this year, according to statistics released by the National Bureau of Statistics (NBS) today.

The CPI growth last month was higher than the 3.2% increase in February.

Last month, China saw its CPI rose 0.2% from February.  

The CPI in urban areas rose 3.6% year on year in March, while the CPI in rural areas also increased 3.6%year on year, according to the statistics.
   
The NBS said food prices went up at a faster growth of 7.5% year on year last month, driven by a 4.3% increase in grain prices, 11.3% rise in the prices of meat, poultry and processed products and 20.5% increase in the prices of fresh vegetable. The price of pork jumped 11.3% year on year last month, which contributed 0.35 percentage points to the overall CPI growth last month, but the prices of fresh eggs fell 5.8% year on year.  Non-food prices rose 1.8% year on year in March.  
   
The prices of tobacco products, alcohol and related products climbed 3.6% year on year, mainly driven by an 8.3% increase in alcohol prices, while the prices of household appliances and maintenance services edged up 2.2% from a year earlier.

The price of personal and health care products increased 2.5% year on year in March, while the price of clothing rose 3.8%, with a 4.0% increase in the price of garments and 3.0% increase in footwear.
 
There was an increase of 0.3% in the prices of transportation and communications, and an increase of 2.0% in housing costs that were driven by 2.6% increase in the prices of water, electricity and fuels, 2.0% increase in the prices of building and decoration materials and 2.1% rise in housing rentals.
 
In the first quarter, the country's CPI grew 3.8% year on year.






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