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China's consumer inflation picks up in June

English.news.cn 2015-07-09 10:21:53

 
People select fruit at a market in Shijiazhuang, capital of north China's Hebei Province, July 9, 2015. Growth in China's consumer price index (CPI), a main gauge of inflation, edged up to 1.4 percent in June, slightly above market forecasts of 1.3 percent and 1.2-percent rise in May. (Xinhua/Zhu Xudong) 

BEIJING, July 9 (Xinhua) -- Growth in China's consumer price index (CPI), a main gauge of inflation, edged up to 1.4 percent in June, slightly above market forecasts of 1.3 percent and 1.2-percent rise in May.

On a monthly basis, consumer prices in June remained unchanged, compared with a dip of 0.2 percent posted in May, the National Bureau of Statistics (NBS) said on Thursday.

NBS statistician Yu Qiumei attributed the pick-up to a lower comparative base from June last year and higher prices of food, including vegetables and pork.

For the first half of the year, CPI edged up 1.3 percent year on year.

Producer price index, which measures wholesale inflation, slid 4.8 percent year on year in June, the 40th straight month of declines.

The Chinese government aims to keep its consumer inflation at around 3 percent for 2015.

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China's economy to grow by 6.93 pct in Q2

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[Editor: An Lu]
 
China's consumer inflation picks up in June
                 English.news.cn | 2015-07-09 10:21:53 | Editor: An Lu

 
People select fruit at a market in Shijiazhuang, capital of north China's Hebei Province, July 9, 2015. Growth in China's consumer price index (CPI), a main gauge of inflation, edged up to 1.4 percent in June, slightly above market forecasts of 1.3 percent and 1.2-percent rise in May. (Xinhua/Zhu Xudong) 

BEIJING, July 9 (Xinhua) -- Growth in China's consumer price index (CPI), a main gauge of inflation, edged up to 1.4 percent in June, slightly above market forecasts of 1.3 percent and 1.2-percent rise in May.

On a monthly basis, consumer prices in June remained unchanged, compared with a dip of 0.2 percent posted in May, the National Bureau of Statistics (NBS) said on Thursday.

NBS statistician Yu Qiumei attributed the pick-up to a lower comparative base from June last year and higher prices of food, including vegetables and pork.

For the first half of the year, CPI edged up 1.3 percent year on year.

Producer price index, which measures wholesale inflation, slid 4.8 percent year on year in June, the 40th straight month of declines.

The Chinese government aims to keep its consumer inflation at around 3 percent for 2015.

Related:

Premier calls on overseas Chinese to contribute to economy

BEIJING, July 6 (Xinhua) -- Premier Li Keqiang on Monday called on the Chinese diaspora to contribute to the country's economic growth.

There are more than 60 million overseas Chinese. They are a bridge between China and the international community, Li said while meeting delegates at the first overseas Chinese industrial and commercial congress in Beijing.Full Story

Economic fundamentals still strong in China: Premier

BEIJING, June 26 (Xinhua) -- Chinese Premier Li Keqiang on Friday said that China had the ability to maintain growth at a medium-high speed and upgrade the economy to a medium-high level.

Li made the remarks while meeting with about 50 overseas representatives attending the fourth Global Think Tank Summit in Beijing, including former Italian prime minister Romano Prodi, former special adviser to U.S. President Barack Obama John Podesta, 2011 Nobel laureate in economics Thomas J. Sargent and Huang Jing, professor at the National University of Singapore.Full Story

China's economy to grow by 6.93 pct in Q2

BEIJING, June 26 (Xinhua) -- China's economy will grow by 6.93 percent year on year in the second quarter, said a report by the National Academy of Economic Strategy (NAES), which is affiliated to the Chinese Academy of Social Sciences on Friday.

Released at a meeting co-hosted by NAES and the Economic Information Daily, the report made the quarterly-based analysis on China's micro-economy.Full Story

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