China-2017 H1 Economy/Inflation

China’s CPI rises 1.4 pct, PPI up 6.6 pct in 1st half of 2017

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Beijing, China - July 17, 2017
1. Press conference
2. Various of press
3. SOUNDBITE (Chinese) Xing Zhihong, spokesman for National Bureau of Statistics:
"In the first half of this year, the consumer prices went up by 1.4 percent year on year. The growth rate is on par with that of the first quarter."
4. Various of press
5. SOUNDBITE (Chinese) Xing Zhihong, spokesman for National Bureau of Statistics:
"In the first half of this year, the producer prices increased by 6.6 percent year on year. The growth rate is 0.8 percentage points lower than that in the first quarter."
6. Press conference

Storyline


China's consumer price index (CPI), considered a main gauge of inflation, rose 1.4 percent year on year in the first half this year, according to official data released by the National Bureau of Statistics (NBS) on Monday.

"In the first half of this year, the consumer prices went up by 1.4 percent year on year. The growth rate is on par with that of the first quarter," said Xing Zhihong, spokesman for the NBS.

The data also showed that the CPI rose 1.5 percent in urban areas and 1.0 percent in rural areas, compared with the same period of last year.

Prices of grain grew by 1.4 percent while pork and fresh vegetable saw their prices down respectively by 6.1 and 14.7 percent.

The CPI in June went up 1.5 percent year on year, the same extent of increase as the previous month, but dropped 0.2 percent month on month.

China's producer price index (PPI) which measures costs for goods at the factory gate also saw a year-on-year increase in the first half of 2017.

"In the first half of this year, the producer prices increased by 6.6 percent year on year. The growth rate is 0.8 percentage points lower than that in the first quarter," said Xing.

The PPI in June rose 5.5 percent year on year with an unchanged growth rate compared with the previous month but dropped 0.2 percent from May.

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  • ID : 8055860
  • Published : 2017-07-17 14:10
  • Last Modified : 2017-07-17 22:19:17
  • Location : Beijing,China
  • Category : economy, business and finance
  • Duration : 0'42
  • Audio Language : Chinese/Nats
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Version : 3
  • ID : 8055860
  • Published : 2017-07-17 19:19
  • Last Modified : 2017-07-17 22:19:17
  • Location : Beijing,Chine
  • Category : economy, business and finance
  • Duration : 0'42
  • Audio Language : Chinois/Nats
  • Source : Télévision centrale de Chine (CCTV)
  • Restrictions : Pas d’accès dans la partie continentale de Chine
  • Version : 3
  • ID : 8055860
  • Published : 2017-07-17 17:08
  • Last Modified : 2017-07-17 22:19:17
  • Location : بكين,الصين
  • Category : economy, business and finance
  • Duration : 0'42
  • Audio Language : اللغة الصينية/ الصوت الطبيعي
  • Source : تلفزيون الصين المركزي
  • Restrictions : ممنوع البث في بر الصين الرئيسي
  • Version : 3
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