Shanghai’s CPI sees slower rise from February
Print Edition
SHANGHAI’S Consumer Price Index rose 2.5 percent from a year earlier in March, down from the 2.7 percent gain in February, the Shanghai Statistics Bureau said yesterday.
The pace was largely in line with the national average of 2.4 percent last month, indicating moderate inflationary pressure in the city.
Food costs remained the biggest contributor as they rose 4.3 percent in March while prices of transport, healthcare and clothing all dropped, the bureau said.
“Shanghai’s inflation has been well managed, which helps create an amiable environment for the city’s economic growth,” said Li Maoyu, analyst at Changjiang Securities Co.
In the first quarter, Shanghai’s consumer prices added 2.7 percent year on year, well below the local government target of 3.5 percent for 2014.
In the first two months of this year, Shanghai’s growth in industrial production, fixed-asset investment and trade all eased.
The city’s economy grew 7.7 percent last year, equaling the national average and faster than 7.5 percent in 2012.
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