CPI Figures Hits 6-percent in September

The China National Bureau of Statistics has released the CPI figures for September this morning.

The country's inflation continued to ease from a 37-month high for a second month in September, despite the stubbornly high food prices.

CRI's Shen Chengcheng has a detailed¹ analysis.

 
China's consumer price index, a main gauge² of inflation, has risen 6.1-percent year on year in September. That's 0.1-percent down from the 6.2-percent in

September is the second month of easing from July's peak of 6.5-percent, which was a 37-month high. That was considerably³ higher than the Chinese government's target of 4-percent for this year.

However, the slowdown didn't bring down the high food prices, which rose 13.4-percent. And the price of pork climbed the most, more than 43-percent.

Wang Jun is a fellow researcher at China Center for International Economic Exchanges.

He says the hike in food prices is partly because of the two holidays, the Mid-Autumn Festival and last week's National Day Holiday.

But, he adds that high food prices are not going to change the easing trend of the CPI numbers.

"The speed of economic growth is slowing down, so the inflation should follow suit. The government measures adopted earlier to ease inflation are starting to work. In September, a new factor contributing to the CPI numbers is high vegetable prices. Apart from that, the prices of other products are decreasing. So September's CPI continued to ease."

In the meantime, some economists⁴ say the pressure of inflation is still high.

"The inflation rate is still at a high gear. We should not forget that September's CPI is 0.5-percent higher than the number of August. That's against expectations that the 3rd quarter index would go down."

That's Cao Honghui from the Financial Research Department of the Chinese Academy of Social Sciences.

He says the Producer Price Index, a major gauge of inflation at the wholesale⁵ level, rose 6.5-percent year on year in September, and it has been driving food prices high.

"The high prices of the raw materials and labors⁶ are taking a toll⁷ on the food prices. And in the short term, they are not going down."

So that means the Chinese government will continue its policies to curb⁸ inflation.

A case in point - the government has reduced the prices for gasoline and diesel⁹ by 0.22 yuan per gallon and 0.26 yuan per gallon respectively.

However, researcher Wang Jun says we are going to see a few adjustments to the tightening¹⁰ policies due to the slowdown of the overall global economy.

"We probably shouldn't keep tightening the current monetary¹¹ policy, and should loosen it up on certain fronts. That can help those small and medium-sized businesses and the cash-strapped banks to tide over, which is totally necessary."

For CRI, I'm Shen Chengcheng.

1 detailed   

adj.详细的，详尽的，极注意细节的，完全的

参考例句：

• He had made a detailed study of the terrain.他对地形作了缜密的研究。
• A detailed list of our publications is available on request.我们的出版物有一份详细的目录备索。

2 gauge   

v.精确计量；估计；n.标准度量；计量器

参考例句：

• Can you gauge what her reaction is likely to be?你能揣测她的反应可能是什么吗？
• It's difficult to gauge one's character.要判断一个人的品格是很困难的。

3 considerably   

adv.极大地；相当大地；在很大程度上

参考例句：

• The economic situation has changed considerably.经济形势已发生了相当大的变化。
• The gap has narrowed considerably.分歧大大缩小了。

4 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

5 wholesale   

n.批发；adv.以批发方式；vt.批发，成批出售

参考例句：

• The retail dealer buys at wholesale and sells at retail.零售商批发购进货物，以零售价卖出。
• Such shoes usually wholesale for much less.这种鞋批发出售通常要便宜得多。

6 labors   

v.努力争取(for)( labor的第三人称单数 )；苦干；详细分析；（指引擎）缓慢而困难地运转

参考例句：

• He was tiresome in contending for the value of his own labors. 他老为他自己劳动的价值而争强斗胜，令人生厌。 来自辞典例句
• Farm labors used to hire themselves out for the summer. 农业劳动者夏季常去当雇工。 来自辞典例句

7 toll   

n.过路(桥)费；损失，伤亡人数；v.敲(钟)

参考例句：

• The hailstone took a heavy toll of the crops in our village last night.昨晚那场冰雹损坏了我们村的庄稼。
• The war took a heavy toll of human life.这次战争夺去了许多人的生命。

8 curb   

n.场外证券市场，场外交易；vt.制止，抑制

参考例句：

• I could not curb my anger.我按捺不住我的愤怒。
• You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。

9 diesel   

n.柴油发动机，内燃机

参考例句：

• We experimented with diesel engines to drive the pumps.我们试着用柴油机来带动水泵。
• My tractor operates on diesel oil.我的那台拖拉机用柴油开动。

10 tightening   

上紧，固定，紧密

参考例句：

• Make sure the washer is firmly seated before tightening the pipe. 旋紧水管之前，检查一下洗衣机是否已牢牢地固定在底座上了。
• It needs tightening up a little. 它还需要再收紧些。

11 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。