Chinese Inflation Steady at 2.7% in July


In June, China's consumer prices rose an annual 2.7 percent, the same as in June. Food prices registered another steep increase while transportation costs were down on the year.

In July, food prices went up by 5.0 percent year-on-year, affecting nearly 1.61 percentage points increase in the overall price level. Of which, the prices of meat, poultry and related products went up by 5.9 percent; fresh vegetables rose 11.8 percent and fresh fruits were up by 7.3 percent. 

Prices for clothing rose by 2.2 percent year-on-year. The prices for clothes went up by 2.3 percent while the prices for shoes increased 1.5 percent. Prices for residence went up by 2.8 percent year-on-year. Prices for health care and personal articles grew by 1.2 percent while prices for recreation, education, culture articles and services grew by 1.3 percent .

Prices for transportation and communication went down by 0.1 percent year-on-year. Of which, prices for communication, down by 7.4 percent. Transportation facilities dropped by 1.4 percent, fuels and parts for vehicles were up by 2.8 percent and vehicles use and maintenance increased 3.2 percent.

The prices grew by 2.6 percent in cities and 2.9 percent in rural areas. On a monthly basis, consumer prices were up 0.1 percent.

Chinese Inflation Steady at 2.7% in July


National Bureau of Statistics | Nuno Fontes | nuno@tradingeconomics.com
8/9/2013 8:35:24 AM