CCTV.com - CNTV English - CCTV News

CCTV insight: Factors behind price hikes

06-14-2011 21:19 BJT Special Report:China’s Economic Data for May |

Watch Video

Play Video

For more on rising inflation, we're now joined by our reporter, Liu Ying.

Q1: Liu Ying ... As mentioned in your story, the CPI reached its highest level in 34 months, during May. What are the factors behind the latest price hikes?

LY: Well consumer prices, which are used to gauge the CPI, fall into eight major categories. They are food, tobacco and liquor, clothing, household facilities, health care and personal articles, transportation and communication, recreation, education, and cultural products and services, as well as residential costs. As shown from this breakdown, food prices, which have risen 11.7 percent year-on-year, were the main CPI drivers in May. This contributed more than 60 percent of the overall price increases during the month. Two particular staple goods gained significantly. Eggs and pork were responsible for about 20 and 40 percent of the price hikes, respectively.

Statistics show the cost of pork has been rising around the nation, for four consecutive weeks nationally. The figure now stands at a historic high.

Related stories

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program