Food prices push up CPI
Source: Xinhua |
July 14, 2011, Thursday
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Print Edition
Print Edition
China's consumer price index rose 5.4 percent year-on-year in the first half of this year, the National Bureau of Statistics said yesterday.
The growth accelerated from the first quarter's 5 percent.
Food prices, which account for nearly a third of the basket of goods in the CPI calculation, rose 11.8 percent from a year earlier in the first six months, higher than the first quarter's 11 percent increase.
The half-year inflation figure exceeded the government's 4 percent target ceiling for this year.
The growth accelerated from the first quarter's 5 percent.
Food prices, which account for nearly a third of the basket of goods in the CPI calculation, rose 11.8 percent from a year earlier in the first six months, higher than the first quarter's 11 percent increase.
The half-year inflation figure exceeded the government's 4 percent target ceiling for this year.
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