China-CPI/PPI/May

China's CPI up 2.7 pct, PPI up 0.6 pct in May

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Shotlist


FILE: China - Date, Location Unknown (CCTV - No access Chinese mainland)
1. Various of customers choosing products at supermarket

FILE: Beijing, China - April 17, 2018 (CGTN - No access Chinese mainland)
2. Various of customers choosing imported products

FILE: Dalian City, Liaoning Province, northeast China - Nov 5, 2018 (CCTV - No access Chinese mainland)
3. Various of people buying vegetables; vegetables for sale

FILE: Guiyang City, Guizhou Province, southwest China - April 2018 (CCTV - No access Chinese mainland)
4. Various of customers in supermarket
5. Customers checking out at cashier

FILE: Dalian City, Liaoning Province, northeast China - Nov 5, 2018 (CCTV - No access Chinese mainland)
6. Various of people buying poultry, pork; meat stands

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
7. Various of steel mill; workers

FILE: Dalian City, Liaoning Province, northeast China - Date Unknown (CCTV - No access Chinese mainland)
8. Various of production lines
9. Factory floor
10. Robot arm in operation
11. Industrial equipment

Storyline


China's consumer price index (CPI), a main gauge of inflation, rose 2.7 percent year on year, or 0.2 percentage points higher in May, the National Bureau of Statistics said Wednesday.

Food prices climbed 7.7 percent year on year last month, up 1.48 percentage points from April. Specifically, fresh fruit prices are at an all-time high, up 26.7 percent year on year, or 14.8 percentage points higher than last month; pork prices rose 18.2 percent year on year, or 3.8 percentage points higher than the previous month; egg and poultry prices also rose more than in the previous month, while fresh vegetable prices increase has eased down from last month.

In non-food prices, education, culture and entertainment, medical care and housing prices rose 2.6 percent, 2.5 percent and 1.8 percent respectively, accounting for 0.90 percentage point of the CPI increase. The new price rises are estimated to have affected about 1.2 percentage points of the 2.7-percent increase in May.

China's producer price index, which measures costs for goods at the factory gate, rose 0.6 percent year on year in May, the NBS said. The pace was slower than the 0.9-percent increase recorded in April.

Of the 0.6-percent year-on-year increase in May, the carry-over effect of last year's price changes was about 0.6 percentage points and the impact of new price rises was about 0 percent.

On a monthly basis, producer prices went up 0.2 percent in May, narrowing from the 0.3-percent increase in April. In the first five months, the index climbed 0.4 percent from the same period a year earlier.

The factory prices of production materials grew 0.6 percent year on year in May, down from the 0.9-percent increase a month earlier.

Consumer goods prices rose 0.9 percent year on year in May, flat with that in April.

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China-CPI/PPI/May

China's CPI up 2.7 pct, PPI up 0.6 pct in May

Dateline : June 12, 2019/File

Location : China

Duration : 1'21

  • English
  • Français
  • العربية
  • Español
  • 日本語
  • Deutsch


FILE: China - Date, Location Unknown (CCTV - No access Chinese mainland)
1. Various of customers choosing products at supermarket

FILE: Beijing, China - April 17, 2018 (CGTN - No access Chinese mainland)
2. Various of customers choosing imported products

FILE: Dalian City, Liaoning Province, northeast China - Nov 5, 2018 (CCTV - No access Chinese mainland)
3. Various of people buying vegetables; vegetables for sale

FILE: Guiyang City, Guizhou Province, southwest China - April 2018 (CCTV - No access Chinese mainland)
4. Various of customers in supermarket
5. Customers checking out at cashier

FILE: Dalian City, Liaoning Province, northeast China - Nov 5, 2018 (CCTV - No access Chinese mainland)
6. Various of people buying poultry, pork; meat stands

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
7. Various of steel mill; workers

FILE: Dalian City, Liaoning Province, northeast China - Date Unknown (CCTV - No access Chinese mainland)
8. Various of production lines
9. Factory floor
10. Robot arm in operation
11. Industrial equipment


China's consumer price index (CPI), a main gauge of inflation, rose 2.7 percent year on year, or 0.2 percentage points higher in May, the National Bureau of Statistics said Wednesday.

Food prices climbed 7.7 percent year on year last month, up 1.48 percentage points from April. Specifically, fresh fruit prices are at an all-time high, up 26.7 percent year on year, or 14.8 percentage points higher than last month; pork prices rose 18.2 percent year on year, or 3.8 percentage points higher than the previous month; egg and poultry prices also rose more than in the previous month, while fresh vegetable prices increase has eased down from last month.

In non-food prices, education, culture and entertainment, medical care and housing prices rose 2.6 percent, 2.5 percent and 1.8 percent respectively, accounting for 0.90 percentage point of the CPI increase. The new price rises are estimated to have affected about 1.2 percentage points of the 2.7-percent increase in May.

China's producer price index, which measures costs for goods at the factory gate, rose 0.6 percent year on year in May, the NBS said. The pace was slower than the 0.9-percent increase recorded in April.

Of the 0.6-percent year-on-year increase in May, the carry-over effect of last year's price changes was about 0.6 percentage points and the impact of new price rises was about 0 percent.

On a monthly basis, producer prices went up 0.2 percent in May, narrowing from the 0.3-percent increase in April. In the first five months, the index climbed 0.4 percent from the same period a year earlier.

The factory prices of production materials grew 0.6 percent year on year in May, down from the 0.9-percent increase a month earlier.

Consumer goods prices rose 0.9 percent year on year in May, flat with that in April.

ID : 8113037

Published : 2019-06-12 11:01

Last Modified : 2019-06-13 14:49:53

Source : China Central Television (CCTV)

Restrictions : No access Chinese mainland

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