Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Data

China's CPI up 2.1 pct in July

August 10, 2018


Abstract : China's consumer price index (CPI), a main gauge of inflation, rose 2.1 percent year on year in July, compared with 1.9 percent for June, data from the National Bureau of Statistics (NBS) showed Thursday.

BEIJING, Aug. 9 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 2.1 percent year on year in July, compared with 1.9 percent for June, data from the National Bureau of Statistics (NBS) showed Thursday.

On a month-on-month basis, the CPI climbed 0.3 percent, according to the NBS data.

Non-food prices pushed the inflation rate higher, increasing 2.4 percent year on year and 0.3 percent month-on-month.

On a yearly basis, medical and health care prices ticked up 4.6 percent, transport and communications prices gained 3 percent, while costs of accommodation rose 2.4 percent. Educational, cultural and recreational prices increased 2.3 percent.

Food prices went up 0.5 percent year on year and edged up 0.1 percent month on month.

The price of pork, China's staple meat, continued to slump in July, down 9.6 percent year on year, dragging down CPI growth by 0.24 percentage point. On a monthly basis, however, it registered a 2.9-percent increase, faster than the 1.1-percent rise in June.

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

The average year-on-year CPI growth for the January-July period stood at 2 percent, according to the NBS.

The producer price index, which measures costs for goods at the factory gate, rose 4.6 percent year on year in July, slightly slowing from the 4.7-percent increase in June. Enditem

Scan the QR code and push it to your mobile phone

Keyword: China CPI

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial