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China – Dec consumer price index
11/01/2018 10:01 am MYT
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The consumer price index (CPI) in Dec rose 0.3%, month-on-month, and 1.8%, year-on-year – see table 1. Food prices rose 1.1%, month-on-month, but fell 0.4%, year-on-year. Non-food prices rose 0.1%, month-on-month, and 2.4%, year-on-year. Excluding food and energy, the CPI rose 0.1%, month-on-month, 2.2%, year-on-year. For the whole of 2017, the CPI rose 1.6% from 2016. The mild inflation rate was mainly due to a 1.4% fall in food prices, which recorded its first contraction since 2003 following an 8.1% decline in the prices of fresh vegetables as well as an 8.8% contraction in pork prices.

 

The ex-factory producer price index (PPI), a leading indicator of the CPI, rose by 4.9%, year-on-year, in Dec. For the whole of 2017, the PPI rose 6.3% from 2016, ending 5 consecutive years of decline – see figure 1. i Capital expects the inflation rate to be between 2-3% in 2018.

 

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Note from Publisher
Despite being a multi-racial, multi-cultural, and multi-religious society, Malaysia has largely been a peaceful country. This is a great achievement in light of a world that is being ravaged by multiple conflicts. Unfortunately, certain individuals and groups have hated this precious social fabric of the country and are making every effort to tear it apart. People say “you never know what you have until you lose it”. We really hope these selfish and irresponsible people will come to their senses before it is too late.

Nevertheless, it is heartening to see that the Malaysian media and civil society organisations have collectively launched a campaign called “Maaf Zahir Batin Hari Hari” or known as #MZB365 to help heal a dividing Malaysia. Carrying the meaning of “please forgive my wrongs, both thoughts and deeds”, the campaign will run for one whole year. This initiative could not have come at a better time. We believe the majority of Malaysians still treasure the country’s unique social fabric. With #MZB365, hopefully the silent majority can have a bigger voice to counter the destructive noises of the divisive minority.
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