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China reports 6.3% rise in CPI in July
China reports 6.3% rise in CPI in July
The figure, compared with 7.1 percent in June and 7.7 percent in May, was broadly in line with most forecasts.
"The continuous decline of the CPI is a positive sign as it shows the government's measures to ease inflationary pressures were effective," said Zhang Xiaojing, an analyst with the Chinese Academy of Social Sciences.
Zhang attributed the decline to falling food prices and shrinking demand due to the economic slowdown.
Food prices, which account for more than a third of the CPI calculation, rose 14.4 percent in July, 2.9 percentage points lower than June and 6 percentage points lower than the growth for the first half.
The price of meat increased 16 percent, while that of pork rose12.1 percent. Cooking oil went up 30.8 percent, vegetables up 8.4 percent, aquatic products up 18.3 percent and grains up 8.6 percent.
In the first seven months of this year, the inflation indicator rose 7.7 percent from the same period last year: 7.4 percent for urban areas and 8.3 percent for the countryside.
The PPI for industrial products was up 10 percent in July over the same period last year, the highest since 1996, the bureau said on Monday.
The PPI rise would not immediately increase pressure on the CPI, said Zhang Liqun, a researcher with the State Council Development and Research Center.
China's PPI rises 10% in July
The producer price index (PPI) for China's industrial products rose 10.0 percent year on year in July, the National Bureau of Statistics said on Monday.
The double-digit growth of PPI, which measures the value of finished products when they leave the factory, was the highest since 1996. Full story
China's trade surplus down 9.6% in Jan.-July period
China's trade surplus fell to 123.72 billion U.S. dollars in the first seven months of this year, down 9.6 percent year on year, the General Administration of Customs said on Monday. Full story
China's GDP up 10.4 percent in first half year
BEIJING, July 17 -- The Chinese economy is in a dilemma, struggling for a delicate balance between maintaining a healthy growth and taming inflation. The major economic indicators released Thursday dampened expectations for a shift in the nation's macro control polices, but some, manufacturers in particular, still call for a fine tuning.
China's gross domestic product (GDP) grew 10.4 percent to 13.06trillion yuan (1.9 trillion U.S. dollars) in the first half over the same period last year, the National Bureau of Statistics (NBS)said on Thursday. Full story
China's CPI rises 7.9 percent in first half of 2008
BEIJING, July 17 -- China's consumer price index (CPI),the main gauge of inflation, rose 7.9 percent in the first half over the same period last year, 0.2 percentage points lower than the first five months, the National Bureau of Statistics said on Thursday.
The figure, compared with 7.1 percent in June, 7.7 percent in May, 8.5 percent in April and a 12-year-high of 8.7 percent in February, was broadly in line with most forecasts
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