China’s Consumer Price Index easesAugust 9th, 2012 - 1:05 pm ICT by IANS
Beijing, Aug 9 (IANS) China’s Consumer Price Index (CPI), a key gauge of inflation, grew to 1.8 percent year on year in July, the slowest pace since February 2010, the National Bureau of Statistics (NBS) announced Thursday.
The rate was 0.4 percentage points lower than the figure in June, reported Xinhua.
The easing inflation is explained as a result of the base effect. The CPI growth rate hit a 37-month high of 6.5 percent in July last year before gradually retreating as China’s economy slowed for eight quarters in a row.
Food prices edged up 2.4 percent in July from a year ago, down from a growth of 3.8 percent in June.
Food prices were mainly driven by an eight percent hike of vegetable prices, as rain and flooding affected vegetable production in many places in a traditionally peak season of supply.
- China's inflation eases to 29-month low (Lead) - Jul 09, 2012
- China's inflation hits three-year high in June - Jul 09, 2011
- China's inflation to ease - Jul 29, 2012
- China's inflation eases - Jul 09, 2012
- China's inflation, food prices record steep rise - Sep 11, 2010
- China's inflation eases (Lead) - May 11, 2012
- China's inflation rebounds (Lead) - Apr 09, 2012
- China's inflation accelerates (Lead) - Sep 09, 2012
- China's consumer price index growth eases in November - Dec 09, 2011
- China's PPI drop highlights economy's plight (Lead) - Aug 09, 2012
- China's consumer price index expands - Apr 09, 2012
- China's inflation rate rebounds - Sep 09, 2012
- China's GDP to grow by 8.8 percent in 2012 - Jan 03, 2012
- China's consumer price index growth eases - Jun 09, 2012
- China's Producer Price Index down - Jun 09, 2012
Tags: beijing, bureau of statistics, china, consumer price index, economy, food prices, gauge, index cpi, inflation, national bureau of statistics, nbs, peak season, percentage points, quarters, rain, slowest pace, vegetable prices, vegetable production, xinhua