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Monday, April 9, 2012

The high inflation rate in China's 3.6% in March during the year

On : 2:26:00 AM
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Announced the National Bureau of Statistics, said on Monday that the consumer price index rose by 3.6% during the year in March, up from 3.2% in February.

Analysts had predicted, according to Dow Jones and the newspaper "Chaana Business News," Chinese economic, with the price index rising by 3.3% in March against the backdrop of slowing growth.

And inflation linked mainly by rising food prices, which increased by 7.5% during the year and affect particularly on the poor of the community, as well as fuel and auto parts, which have increased their prices by 7.6%, and the price index during the first quarter of 2012 increased by 3.8% according to the Office National Bureau of Statistics.

Whereas the consumer price index rose slightly compared to its level in February, which was the lowest in 20 months, prices have dropped production, which constitutes an indicator of inflation next with 0.3% in March, and a slowdown in inflation is a precondition for the Chinese government to ease restrictions on monetary policy within the framework of a slowdown growth.

According to analysts in Chaana Business News, the gross domestic product of the second economy in the world increased by 8.4% during the year in the first quarter of the year compared to 8.9% during the previous quarter and is expected to be published Friday official figure for growth in the first quarter of the year.

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