China's Inflation Rate Down to 2.2% in June


In June, the consumer price index (CPI) went up by 2.2 percent year-on-year. The prices grew by 2.2 percent in cities areas and 2.0 percent in rural areas.

The food prices went up by 3.8 percent, while the non-food prices increased by 1.4 percent. The prices of consumer goods went up by 2.3 percent and the prices of services grew by 1.9 percent. In the first half of this year, the overall consumer prices were up by 3.3 percent over the same period of previous year.

In June, the month-on-month change of consumer prices was down by 0.6 percent, prices in cities and rural went down by 0.6 and 0.5 percent respectively. The food prices dropped by 1.6 percent, the non-food prices kept at the same level (the amount of change was 0). The prices of consumer goods decreased by 0.9 percent, and the prices of services increased by 0.3 percent.

n June, food prices went up by 3.8 percent year-on-year, affecting nearly 1.20 percentage points increase in the overall price level. Of which, the prices of fresh vegetables rose by 12.1 percent, affecting nearly 0.30 percentage points increase in the overall price level; prices for aquatic products increased 8.6 percent, affecting nearly 0.21 percentage points increase in the overall price level; the prices of grain rose by 3.2 percent, meaning 0.09 percentage points growth in the overall price level.

Prices for tobacco and liquor went up by 3.2 percent year-on-year.Prices for clothing rose by 3.3 percent year-on-year. Prices for household facilities, articles and maintenance services went up by 1.9 percent year-on-year.

Prices for residence went up by 1.6 percent year-on-year. Of which, prices for house renting, up 2.9 percent, water, electricity and fuel, up 1.0 percent, and building and building decoration materials rose by 0.7 percent.


TradingEconomics.com, SNational Bureau of Statisticsof China
7/9/2012 11:41:29 AM