National real estate development and investment brings up CPI in 2013

February CPI data released on March 9 by the National Bureau of Statistics shows that CPI MoM is up 1.1%, and an increase of 3.2% year-on-year, it also marks an increase of 1.2 percentage compared to January, a record high in the past 10 months.

In term of the investment in real estate development, from January to February 2013, the national real estate development and investment involved 667 billion yuan, a year-on-year increase of 22.8% in nominal terms, increased by 6.6 percentage points higher than the last year. Residential investment was 458.3 billion yuan, an increase of 23.4%, accounting for 68.7% of the total investment in real estate development.

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