Arab Today, arab today china consumer inflation rate rises to 14 in june
Last Updated : GMT 19:12:59
Arab Today, arab today
Arab Today, arab today

China consumer inflation rate rises to 1.4% in June

Arab Today, arab today

Arab Today, arab today China consumer inflation rate rises to 1.4% in June

China's economy
Beijing - AFP

The consumer inflation rate in China rose to 1.4 percent in June, authorities said Thursday, as downward pressure on prices abated in the world's second-largest economy.

The reading for the consumer price index (CPI), a main gauge of inflation, released by the National Bureau of Statistics (NBS) was higher than May's 1.2 percent.

Moderate inflation can be a boon to consumption as it pushes consumers to buy before prices go up, while falling prices encourage shoppers to delay purchases and companies to put off investment, both of which can hurt growth.

Inflation has been subdued in China as economic growth slows and commodity prices have fallen, with some economists raising the threat of deflation -- a debilitating and sustained fall in prices.

China's economy expanded 7.4 percent last year, its slowest pace in 24 years.

The producer price index -- a measure of costs for goods at the factory gate and a leading indicator of the trend for CPI -- declined 4.8 percent in June, the NBS said, worsening from 4.6 percent in May and the 40th consecutive fall.
On the consumer side, food prices, normally the key driver for Chinese inflation, rose 1.9 percent year-on-year, the NBS said, accounting for 0.62 percentage points of the total increase.

The survey collects prices from more than 63,000 outlets including grocery stores, supermarkets, shopping malls and agricultural trade markets across 500 cities and counties in the country, the NBS says.

The consumer inflation rate hit a trough of 0.8 percent in January -- its lowest point since late 2009 -- before peaking for the year at 1.5 percent in April.

China's economy has battled persistent weakness this year in mainstay indicators such as industrial production and trade, with gross domestic product (GDP) growth slowing to 7.0 percent in the first three months, the worst quarterly result in six years.

China announces GDP figures for the April-June quarter on Wednesday.

Authorities have taken a series of measures to bolster the economy, such as cutting interest rates four times since November and also reducing the amount of funds banks must keep on their books, a step to boost lending and stimulate growth.

The measures have also been aimed at putting a floor under weak consumer prices.

Casting a further shadow over the economy has been a precipitous decline in the country's benchmark share market in Shanghai, where by the end of trading Wednesday prices were down 32 percent from their peak on June 12.

China's slowing economy comes in line with official policy aimed at steering growth to a lower and more sustainable pace, in which consumer demand serves as the key engine as in advanced countries such as the United States.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china consumer inflation rate rises to 14 in june Arab Today, arab today china consumer inflation rate rises to 14 in june

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday