Connect with us

Business

China’s October inflation forecast at 1.5 percent

Published

9 years ago

on

Beijing: China’s consumer price index (CPI) in October is likely to increase 1.5 percent from the same month’s figure last year, slightly less than the 1.6 percent recorded in September, according to an industry report.

The official CPI for October is due to be released by the National Bureau of Statistics (NBS) on the coming Tuesday, Xinhua news agency reported.

Annual CPI growth will be around 1.4 percent to 1.6 percent, well below the three percent target, said Lian Ping, chief economist with the Bank of Communications, in a report.

The report attributed slowing inflation to falling food prices, which account for around one-third of the CPI calculation, especially falling pork, vegetable and egg prices.

Since 2015, pork prices had been driven up as a result of a decline in the number of pigs being bred.

Low prices last year and the rising price of feed had made pig farmers less willing to raise pigs.

Starting from September this year, pork prices have been falling as the country put pork reserve on to the market to stabilize prices.

Related Topics:
Continue Reading

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

on

May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending