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NBS: June CPI up by 2.5% y/y, down by 0.1% m/m

2020-07-09 www.cofeed.com

In June 2020, China’s Consumer Price Index (CPI) rose 2.5% from a year earlier, with an increase of 2.2% in urban and 3.2% in rural area, according to the National Bureau of Statistics of China. The food prices up by 11.1% and the non-food prices up by 0.3%. The prices of consumer goods grew by 3.5% and the prices of services increased by 0.7%. In the first half of the year, the CPI was up 3.8% from the corresponding period last year.

 

Besides, the CPI was down 0.1% from the previous month, with a decrease of 0.1% in urban but no change in rural area. The food prices advanced by 0.2%, and the non-food prices declined by 0.1%. The prices of consumer goods were flat and the prices of services were down 0.1% from last month.

 

Fig.: Variation in Consumer Price Index in China (Jun, 2019-Jun, 2020) (blue: year-on-year; yellow: month-on-month)