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China consumer prices up 1.9 pct in June

Source: Xinhua   2016-07-10 10:58:01

BEIJING, July 10 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, grew 1.9 percent year on year in June, the National Bureau of Statistics (NBS) announced Sunday.

The June data slowed from a 2-percent growth registered in May and dropped for the second consecutive month from 2.3 percent in April, when the CPI reached the highest level since July 2014.

The CPI grew 2.1 percent in the first half of 2016, while the annual target was set around 3 percent.

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

NBS statistician Yu Qiumei attributed the moderated inflation mostly to eased food prices.

Food, cigarette and liquor prices increased 3.7 percent year on year in June, slowing from 4.7 percent in May.

Since January, CPI has been calculated using a new comparison base and included more products and services and slightly reduced the weight of food.

Related:

Xi optimistic about China's economic fundamentals

BEIJING, July 8 (Xinhua) -- China's fundamentals for long-term economic growth remain sound, President Xi Jinping told economists, government officials and entrepreneurs at a symposium on Friday.

Economic performance remains stable on the whole and in line with expectations, as the economic structure continues to improve, Xi said.Full Story

China producer prices down 2.6 pct in June

BEIJING, July 10 (Xinhua) -- China's producer price index (PPI), which measures costs for goods at the factory gate, slid 2.6 percent year on year in June, official data showed Sunday.Full Story

Editor: Yamei Wang
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Xinhuanet

China consumer prices up 1.9 pct in June

Source: Xinhua 2016-07-10 10:58:01
[Editor: huaxia]

BEIJING, July 10 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, grew 1.9 percent year on year in June, the National Bureau of Statistics (NBS) announced Sunday.

The June data slowed from a 2-percent growth registered in May and dropped for the second consecutive month from 2.3 percent in April, when the CPI reached the highest level since July 2014.

The CPI grew 2.1 percent in the first half of 2016, while the annual target was set around 3 percent.

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

NBS statistician Yu Qiumei attributed the moderated inflation mostly to eased food prices.

Food, cigarette and liquor prices increased 3.7 percent year on year in June, slowing from 4.7 percent in May.

Since January, CPI has been calculated using a new comparison base and included more products and services and slightly reduced the weight of food.

Related:

Xi optimistic about China's economic fundamentals

BEIJING, July 8 (Xinhua) -- China's fundamentals for long-term economic growth remain sound, President Xi Jinping told economists, government officials and entrepreneurs at a symposium on Friday.

Economic performance remains stable on the whole and in line with expectations, as the economic structure continues to improve, Xi said.Full Story

China producer prices down 2.6 pct in June

BEIJING, July 10 (Xinhua) -- China's producer price index (PPI), which measures costs for goods at the factory gate, slid 2.6 percent year on year in June, official data showed Sunday.Full Story

[Editor: huaxia]
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