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Prices growth rates fall steadily: Central bank
(Xinhua)
Updated: 2005-11-10 14:30
The year-on-year growth rates of price indexes fell steadily, but the
inflationary pressure still remained, the People's Bank of China (PBOC) said in
a report released Wednesday.
The PBOC statistics showed that the consumer price rose by 2.0 percent
year-on-year in the first three quarters this year, up 2.8 percent, 1.7 percent
and 1.3 percent in each quarter over the same period last year.
Producer price index saw a downward trend but remained at a high level. In
the first three quarters, the raw materials, fuel and power purchase prices rose
by 9.2 percent year-on-year, but the growth rate was 1.2 percentage point lower
than the same period a year earlier.
The import and export prices also receded. Export prices registered rises of
7.6 percent, 2.6 percent and 2.5 percent in the first, second and third quarters
year-on-year respectively and import prices up 10.1 percent, 6.2 percent, and
down 0.9 percent year-on-year.
Although the year-on-year prices growth fell steadily, the satisfaction rate
of residents towards prices was also going down, which boosted the expectation
on inflation, the PBOC said.
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