China’s Statistics Agency Decreases the Contribution of Food, Tobacco, and Alcohol to the Country’s Consumer Price Index (CPI)

China’s top statistics agency revealed changes to its consumer price basket on Friday [19 February 2016], lowering the weight given to food while increasing that of other goods to reflect new consumption patterns. The National Bureau of Statistics (NBS) has reduced the weighting of food, tobacco and alcohol in the basket by 3.4 percentage points,

Rising Food Prices Help China’s Inflation Rate Hit a 10-month High

China’s annual inflation surged to a 10-month high in February while industrial production and retail sales declined in the month, official data released over the weekend showed, sending a mixed signal about the state of the country’s economy. China’s consumer price index (CPI) rose 3.2% in February from the previous year, according to data released

China’s Food Prices Expected to Rise due to Inflation, Unfavorable Weather and Increased Consumption

Experts forecasted that China’s food prices will face a new round of inflation amid unfavorable weather and the approaching Spring Festival, also known as the Chinese Lunar New Year, which will begin on Feb 10. Data from the Ministry of Commerce showed that the average wholesale prices of 18 monitored vegetables increased 2.9% in the