Prices jump
By Wang Yanlin |
August 20, 2010, Friday
|
Print Edition
Print Edition
SHANGHAI'S consumer prices jumped 3.9 percent from a year earlier in July, driven mostly by surging food costs.
The city's Consumer Price Index, the main gauge of inflation, grew quicker than the increase of 3.2 percent in June, while the pace in the first seven months stood at 2.5 percent.
Food costs in July rocketed 9.6 percent year on year.
Shanghai targets at keeping the CPI growth in line with the national level. China's consumer prices jumped 3.3 percent last month from a year earlier, also hitting a 21-month record.
The city's Consumer Price Index, the main gauge of inflation, grew quicker than the increase of 3.2 percent in June, while the pace in the first seven months stood at 2.5 percent.
Food costs in July rocketed 9.6 percent year on year.
Shanghai targets at keeping the CPI growth in line with the national level. China's consumer prices jumped 3.3 percent last month from a year earlier, also hitting a 21-month record.
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