LINE

    Text:AAAPrint
    Economy

    China's June CPI up 1.9 pct, PPI up 4.7 pct

    1
    2018-07-10 09:54:20Xinhua Editor : Gu Liping ECNS App Download

    China's consumer price index (CPI), a main gauge of inflation, rose 1.9 percent year on year in June, compared with 1.8 percent in May, data from the National Bureau of Statistics (NBS) showed Tuesday.

    On a month-on-month basis, the CPI declined 0.1 percent.

    Lower prices of fresh fruits and vegetables driven by abundant supply were the major reason for the CPI decline from May, said NBS statistician Sheng Guoqing.

    Food prices slipped 0.8 percent month on month and climbed only 0.3 percent year on year.

    The price of pork, China's staple meat, slumped 12.8 percent year on year, dragging down CPI growth by 0.32 percentage point. On a monthly basis, it registered a 1.1-percent increase after a three-month straight decline.

    Non-food prices rose 2.2 percent from the same period last year, and 0.1 percent from May.

    China is aiming to keep annual CPI growth at around 3 percent this year, the same as the target for 2017.

    China's producer price index (PPI), which measures costs for goods at the factory gate, rose 4.7 percent year on year in June, the National Bureau of Statistics (NBS) said Tuesday.

    The growth rate beat market expectations of 4.5 percent and was faster than the 4.1-percent rise in May, picking up pace for three consecutive months, according to the NBS data. Month on month, the producer prices edged up 0.3 percent in June, slightly slower than the 0.4-percent rise in May.

    Factory prices of both production materials and consumer goods grew faster, up 6.1 percent and 0.4 percent year on year respectively. The former contributed 4.61 percentage points to the total price increase.

    Of all industrial sectors, oil and natural gas exploration saw the biggest price hike of 32.7 percent last month, followed by processing of oil, coal and other fuel at 19.9 percent, and ferrous metal smelting and pressing at 15.1 percent.

    NBS statistician Sheng Guoqing said the carry-over effects resulted in a rise of 4.1 percentage points in the PPI growth, with the remainder expansion of 0.6 percentage point generated by new factors.

    In the first half of this year, the PPI increased 3.9 percent from the same period in 2017.

    Official data also showed that China's consumer price index, a main gauge of inflation, rose 1.9 percent year on year in June.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ?1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 马龙县| 保靖县| 永顺县| 镶黄旗| 壤塘县| 兴国县| 临潭县| 衡水市| 海安县| 石河子市| 仁寿县| 庆城县| 玛纳斯县| 梅河口市| 天等县| 邵东县| 嘉禾县| 东安县| 公安县| 松江区| 中阳县| 长武县| 广宁县| 隆尧县| 阿城市| 金堂县| 北票市| 墨竹工卡县| 班玛县| 宜州市| 平谷区| 武平县| 攀枝花市| 大城县| 五华县| 双柏县| 太保市| 乌鲁木齐县| 虞城县| 滨州市| 呈贡县|