Pubblicato in: Cina

Cina. Luglio21. PPI 9%, CPI 1% sul luglio20.

Giuseppe Sandro Mela.

2021-08-10.

2021-08-10__ Cina PPI e CPI 001

                         In sintesi.

– The higher PPI growth last month was partly due to sharp price hikes in crude oil and coal

– The slower growth was partly driven by a drop in food prices, which declined 3.7 percent year on year last month. In particular, the price of pork, a staple meat in China, slumped 43.5 percent year on year in July

* * * * * * *


China’s PPI up 9 pct in July

Beijing, Aug. 9 (Xinhua) — China’s producer price index (PPI), which measures costs for goods at the factory gate, went up 9 percent year on year in July, the National Bureau of Statistics (NBS) said Monday.

The expansion was faster than the year-on-year growth of 8.8 percent registered in June.

The higher PPI growth last month was partly due to sharp price hikes in crude oil and coal, said senior NBS statistician Dong Lijuan.

In the first seven months, the PPI growth averaged 5.7 percent year on year, according to the NBS.

Among the 40 surveyed industrial sectors, 32 saw price increases year on year, while eight reported price drops.

On a monthly basis, the PPI gained 0.5 percent in July, also faster than the growth seen in June.

The PPI for the coal mining sector went up 6.6 percent from the previous month due to strong demand for steam coal amid high temperatures, while the price growth of oil-related sectors expanded driven by rising prices of international crude oil, Dong said.

Compared with the previous month, the prices of agricultural materials also saw relatively fast growth, the data showed.

Monday’s data also showed that China’s consumer price index, a main gauge of inflation, rose 1 percent year on year in July.

* * *


China’s CPI up 1 pct in July

Beijing, Aug. 9 (Xinhua) — China’s consumer price index (CPI), one of the main gauges of inflation, rose 1 percent year on year in July, data from the National Bureau of Statistics (NBS) showed on Monday.

The figure was lower than the 1.1 percent year-on-year growth recorded in June.

The slower growth was partly driven by a drop in food prices, which declined 3.7 percent year on year last month. In particular, the price of pork, a staple meat in China, slumped 43.5 percent year on year in July.

In general, market demand and supply remained steady last month amid government measures to keep prices stable, said senior NBS statistician Dong Lijuan.

China’s producer price index, which measures costs for goods at the factory gate, rose 9 percent year on year in July, according to the NBS.

China has set its consumer inflation target at approximately 3 percent for the year 2021, according to this year’s government work report.