CPI eases, PPI steady amid weakening dollar

Updated 2017-08-10 10:54:05 Global Times

China's consumer price index (CPI) rose at 1.4 percent year-on-year in July, moderating slightly from the 1.5 percent pace recorded in June, official data showed on Wednesday.

The moderation in CPI inflation in July reflected easing food prices, which have a significant weight in the overall Chinese CPI basket, amid inflation pressures, Rajiv Biswas, Asia Pacific chief economist for IHS Markit, said in an e-mail sent to the Global Times on Wednesday.

Meanwhile, the country's producer price index (PPI) inflation rate remained stable in July, rising at a pace of 5.5 percent, the same rate as in June.

Despite some increases in world prices for oil and base metals, growth was cooled by a slight depreciation of the U.S. dollar against the Chinese yuan and the time lag between new orders placed for commodities and delivery times to Chinese factories, Biswas noted.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 12 2018 08:30:25

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 12 2018 08:30:25

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 12 2018 08:30:25

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords