Liaoning's March CPI ups 3.3%

恋恋青花瓷

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    iaoning's  consumer  price  index
    （CPI）,  a main  gauge  of  inflation,
    increased 3.3 percent year-on-year in March,  the Liaoning Office of National Bureau of  Statistics  （NBS）  said  yesterday. The CPI went  up  0.4  percentage  point from  2.9  percent  in  February.  Liaoning's CPI growth kept  lower  than national  level for eight  straight months.
    In  the  first  three  months,  the province's CPI  rose 3.5 percent on  annual basis.
    All  eight  categories  of  products  and services  increased  in price  last month. Rises of  food,  tobacco  and  liquor,  clothing, healthcare and personal article,  transportation and communication prices were 1.0 percent, 1.0 percent,  1.5 percent,  0.5 percent  and 0.1 percent  lower  than  that of national  indicators. Rises of  the  rest  three  categories were higher  than national  indexes.

The CPI was  higher  than  that  of February  but  lower  than  4.4  percent  in January as well as 5.2 percent  in 2011. The growth  is acceptably within  the province's 4 percent  target  in 2012.  It  is believed  that the March growth was moderate  and prices of vegetable  and necessities were  the main drive pushing up  the  total  figure, which  is expected  to  fall  further  later  this year.
    Banking deposit  rate  is  still higher  than the CPI  in Liaoning Province but  there's still  inflation pressure  as  the People's Bank of China,  the central bank, will not possibly  ease China's monetary  policy  in  near future.
    Economic  growth was  stable  despite the drop and  the possibility  that  the central would  cut  interest  rate  in  short-term was slim, Liaoning University economics professor Cui Riming  said,  adding Chinese  economy was  in  the process of  soft-landing and  the central bank  therefore would  adopt relatively  cautious  policies  such  as  reserve requirement  ratio.