China's CPI up 2.5 pct in June-Xinhua

China's CPI up 2.5 pct in June

Source: Xinhua

Editor: huaxia

2022-07-09 11:40:42

Poeple shop at a shopping mall in Yantai, east China's Shandong Province, July 9, 2022. China's consumer price index (CPI), a main gauge of inflation, rose 2.5 percent year on year in June, according to data released by the National Bureau of Statistics (NBS) on Saturday. (Photo by Tang Ke/Xinhua)

BEIJING, July 9 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 2.5 percent year on year in June, the National Bureau of Statistics (NBS) said Saturday.

On a monthly basis, June's CPI reversed the 0.2-percent decline in May to remain flat due to effective COVID-19 control and a sufficient supply of consumer goods, noted Dong Lijuan, a senior statistician with the NBS.

Food prices went down 1.6 percent month on month, expanding from the 1.3-percent decline logged in May, which lowered the monthly consumer inflation by about 0.3 percentage points, according to the data.

Specifically, the price of pork, a staple meat in China, increased by 2.9 percent in June over the previous month. Dong attributed the growth to some farmers' activities such as hoarding and reluctance to sell, as well as consumer demand increase amid waning epidemic.

Non-food prices rose 2.5 percent from a year earlier, compared to the 2.1-percent rise in May, lifting the yearly consumer inflation by about 2.01 percentage points.

The prices of gasoline and diesel continued the upward trend with year-on-year growth of 33.4 percent and 36.3 percent, respectively, while airfare surged by 28.1 percent from a year ago.

Saturday's data also showed that China's producer price index, which measures costs for goods at the factory gate, went up 6.1 percent year on year in June.

A stall owner arranges vegetables at a market in Nanning, capital of south China's Guangxi Zhuang Autonomous Region, July 9, 2022. China's consumer price index (CPI), a main gauge of inflation, rose 2.5 percent year on year in June, according to data released by the National Bureau of Statistics (NBS) on Saturday. (Xinhua/Lu Boan)

People shop for vegetables at a market in Nanning, capital of south China's Guangxi Zhuang Autonomous Region, July 9, 2022. China's consumer price index (CPI), a main gauge of inflation, rose 2.5 percent year on year in June, according to data released by the National Bureau of Statistics (NBS) on Saturday. (Xinhua/Lu Boan)

A woman shops at a supermarket in Congtai District of Handan, north China's Hebei Province, July 9, 2022. China's consumer price index (CPI), a main gauge of inflation, rose 2.5 percent year on year in June, according to data released by the National Bureau of Statistics (NBS) on Saturday. (Photo by Hao Qunying/Xinhua)

A woman shops at a supermarket in Zunhua, north China's Hebei Province, July 9, 2022. China's consumer price index (CPI), a main gauge of inflation, rose 2.5 percent year on year in June, according to data released by the National Bureau of Statistics (NBS) on Saturday. (Photo by Liu Mancang/Xinhua)

People shop at a supermarket in Qingzhou City, east China's Shandong Province, July 9, 2022. China's consumer price index (CPI), a main gauge of inflation, rose 2.5 percent year on year in June, according to data released by the National Bureau of Statistics (NBS) on Saturday. (Photo by Wang Jilin/Xinhua)

People shop for fruits at a supermarket in Congjiang County of Qiandongnan Miao and Dong Autonomous Prefecture, southwest China's Guizhou Province, July 9, 2022. China's consumer price index (CPI), a main gauge of inflation, rose 2.5 percent year on year in June, according to data released by the National Bureau of Statistics (NBS) on Saturday. (Photo by Luo Jinglai/Xinhua)

A woman buys fruits at a supermarket in Chengbu Miao Autonomous County of Shaoyang, central China's Hunan Province, July 9, 2022. China's consumer price index (CPI), a main gauge of inflation, rose 2.5 percent year on year in June, according to data released by the National Bureau of Statistics (NBS) on Saturday. (Photo by Yan Qinlong/Xinhua)