CHINA'S CPI, PPI UP IN JUNE

CNC
Added On July 11, 2018

 New data shows that China's consumer and producer price index both rose in June, compared to last year.

 
Here's a look. 
 
According to data from the National Bureau of Statistics on Tuesday, China's consumer price index - a main gauge of inflation -  rose 1.9 percent year on year in June.
 
That's up slightly from the 1.8 percent seen in May.
   
But on a month-on-month basis, CPI declined 0.1 percent.
   
According to statisticians, lower prices of fresh fruits and vegetables driven by abundant supply were the major reason for the decline.
   
Food prices slipped 0.8 percent month on month, and were up just 0.3 percent year on year.
 
Non-food prices are up 2.2 percent on last year.
 
Meanwhile, China's PPI, which measures costs for goods at the factory gate, rose 4.7 percent year on year in June, hitting a six-month high.
 
Month on month, the producer prices edged up 0.3 percent in June, slightly slower than the 0.4-percent rise in May.
 
In the first half of this year, PPI increased 3.9 percent from the same period in 2017.