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CPI posts slight rise in June as food costs up

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by , 07-11-2018 at 09:57 AM (103 Views)
          
   
CHINA'S consumer inflation rose slightly faster in June amid higher food prices.

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The Consumer Price Index, a main gauge of inflation, rose 1.9 percent year on year in June, faster than the 1.8 percent annual growth in May, the National Bureau of Statistics said yesterday.

On a monthly basis, the CPI dipped by 0.1 percent in June, and this dip was 0.1 percentage point slower from May.
Sheng Guoqing, the bureau’s senior statistician, cited the faster consumer inflation to a 0.3 percent rise in food prices, which lifted CPI growth by 0.05 percentage points.

Prices of eggs and vegetables surged 17.1 percent and 9.3 percent respectively to add 0.27 percent to CPI growth, while pork and fruit prices fell 12.8 percent and 5.3 percent year on year respectively.

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