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Consumer price growth hits 29-month low
By Wang Qingchu |
July 9, 2012, Monday
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Online Edition
Online Edition
CHINA'S Consumer Price Index, the main gauge of inflation, expanded 2.2 percent from a year earlier in June, the slowest pace in the past 29 months.
It compared with a 3 percent growth in May and the growth pace of CPI has slowed for a third consecutive month since April, the National Bureau of Statistics said on its website today.
Food costs, which make up nearly one third in the basket, increased 3.8 percent in June, a sharp fall compared with a 6.4 percent gain in May.
The CPI increased an annualized 3.3 percent in the first half of this year.
It compared with a 3 percent growth in May and the growth pace of CPI has slowed for a third consecutive month since April, the National Bureau of Statistics said on its website today.
Food costs, which make up nearly one third in the basket, increased 3.8 percent in June, a sharp fall compared with a 6.4 percent gain in May.
The CPI increased an annualized 3.3 percent in the first half of this year.
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