China's consumers face higher inflation but producers in deflation
                 English.news.cn | 2015-07-09 11:22:02 | Editor: huaxia

A resident purchases household items at a market in Huaibei, east China's Anhui Province, June 9, 2015. (Xinhua/Xie Zhengyi)

BEIJING, July 9 (Xinhua) -- China's consumer inflation rose slightly in June but at wholesale level, deflation remained a lingering problem for 40 months in a row, latest statistics showed.

The 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 consumers face higher inflation but producers in deflation

English.news.cn 2015-07-09 11:22:02

A resident purchases household items at a market in Huaibei, east China's Anhui Province, June 9, 2015. (Xinhua/Xie Zhengyi)

BEIJING, July 9 (Xinhua) -- China's consumer inflation rose slightly in June but at wholesale level, deflation remained a lingering problem for 40 months in a row, latest statistics showed.

The 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.

[Editor: huaxia ]
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