China's inflation up in January

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IANS Beijing
Last Updated : Feb 14 2014 | 12:35 PM IST

China's consumer price index (CPI), a main gauge of inflation, rose 2.5 percent year-on-year in January, the same as the previous month, official data showed Friday.

Inflation rose 2.6 percent in cities, and 2.2 percent in rural areas, Xinhua cited from a statement by the National Bureau of Statistics (NBS).

Food prices, which account for roughly a third of CPI, rose 3.7 percent in January from a year ago, contributing to a 1.23-percentage-point increase in January's CPI growth. Prices of non-food products edged up 1.9 percent last month, the bureau said.

In the food category, fruit, milk, beef, mutton, aquatic products and fresh vegetables all rose year-on-year last month.

Fruit prices led the way by jumping 23 percent from a year ago. Prices of pork, eggs and edible oil contracted year-on-year in January.

Prices of tours and outings soared 14.9 percent last month, as many Chinese chose to travel at home or abroad to celebrate the Chinese New Year, which fell Jan 31.

Prices of household services and processing and maintenance services rose 9.2 percent last month, largely because of a labour shortage as many workers returned to their hometowns for the Chinese New Year.

Rents went up 4.6 percent year on year in January, according to the NBS.

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First Published: Feb 14 2014 | 12:16 PM IST

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