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China's inflation eases further in June

07-09-2012 10:13 BJT Special Report:China's Economic Data |

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China’s inflation eased further in June, when compared to figures from a year earlier. This is building confidence the government’s annual targets set for the area could be met.

New data released by the National Bureau of Statistics today shows China’s consumer price index, or CPI, a main gauge of inflation, rose 2.2 percent in June. The growth eased slightly from the 3.0 percent rate registered in May.

The government is aiming to keep CPI increases to around 4 percent. Food prices account for nearly a third of the weighting in the calculation. They rose 3.8 percent last month. As for China’s Producer Price Index, or P-P-I, a main gauge of inflation at the wholesale level, it fell 2.1 percent in June.

It fell deeper than May’s 1.4 percent and marked another month of year-on-year decline after China’s PPI saw a drop in March for the first time since December 2009. On a month-on-month basis, the country’s PPI in June decreased 0.7 percent.

 

 

 

Editor:Zhang Dan |Source: CNTV.CN

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