China Inflation Rate Slows in June


Chinese annual inflation rate eased to 2.3 percent in June, down from 2.5 percent in May. The politically sensitive food prices increased 3.7 percent, lower than a 4.1 percent rise in the previous month, while non-food prices went up 1.7 percent.

Among food prices, the biggest increase was reported for fresh fruit cost (19.8 percent), while cost of pork and fresh vegetables fell 2.7 percent and 1.8 percent, respectively. Prices of clothing increased 2.6 percent; healthcare and personal products rose 1.3 percent and cost of household equipment advanced 1.2 percent. Cost of transport and communication rose 0.6 percent while prices of leisure and cultural goods rose 2.1 percent. For 2014, the government has set inflation around 3.5 percent. 

Month-over-month, consumer prices fell 0.1 percent in June compared to a 0.1 percent increase in the preceding month. Producer prices fell by 1.1 percent year-on-year, compared with a 1.4 percent drop in May.

China Inflation Rate Slows in June


National Bureau of Statistics | Rida | rida@tradingeconomics.com
7/9/2014 9:40:30 AM