From: Xinhuanet
Compiler: Fund China

China June consumer price index rose 4.4%

On the 19th National Bureau of Statistics show that China’s June consumer price index in the same period rose 4.4%. the first half reached 3.2%, over the same period last year increased 1.9%.

China in the first half of this year, GDP reached 10.6768 trillion yuan, an increase 11.5%, over the same period last year 0.5%.

China in the first half of this year, fixed assets investment reached 5.4168 trillion yuan, an increase of 25.9%. increase over the same period last year dropped 3.9 percentage points.

First half of the year, the above-scale industrial value up 18.5% (June increased 19.4%), the same period last year 0.8%.

Rise in the price of food led the CPI rise

With the first half of the consumer price index rose 3.2%, the most obvious one feature is showing a structural rise, mainly due to higher food prices driven. In the first half of the increase in consumer prices 3.2%, food prices contributed to the 2.5 percentage point. Food prices in the first half of the year food prices for the same period rose 6.4%, meat or poultry products rose 20.7%. Egg prices rose 27.9%, aquatic products prices rose 3.7%, prices of fresh vegetables fell 2.9%. Fruit also dropped 2.9%.

What is the CPI?

Consumer Price Index : English acronym for the CPI is a reflection of life and related products and services price statistics of the indicators of price changes, usually observed as an important inflation indicator. If the consumer price index increase is too large, inflation has become clear economic instability factors The central bank will tighten monetary policy and fiscal policy risks, thereby creating an uncertain economic outlook. Therefore, the index excessive increases are often welcomed by the market.

Copyright Fund China 2009.

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