Inflation rises due to China's new virus High level continues March 12 at 12:36
China's CPI rose 5.2% in February from the same month last year. Although the rate of increase was slightly lower than the previous month, the highest rate of increase in eight years, the level is still high due to the delay in logistics due to the spread of the new coronavirus infection.
The Chinese Consumer Price Index, released by the Chinese National Bureau of Statistics on February 10, rose 5.2% compared to the same month last year.
Although the rate of increase has decreased by 0.2 points from the previous month, which was the highest level in eight years and three months, it is still higher than 5%.
By product, ASF = African swine fever, pork prices have more than doubled last year, and food prices such as vegetables and instant noodles have increased significantly.
Regarding this, the National Bureau of Statistics said that logistics was delayed due to restrictions on expressways and other traffic in various parts of China to prevent the spread of the new coronavirus, and the lack of truck drivers. It is said that there is.
In addition, he said that citizens refrained from going out to prevent infection and stocked up food, which also led to higher prices.
While there is concern that the spread of the new coronavirus will slow down Chinese business activity and affect employment and income, continued rising prices could have a greater impact on civilian life.