8. Consumer price index
Prices remained stable, with the consumer price index rising moderately by 2.2 percent year-on-year for the first half of this year. CPI, a main gauge of inflation, rose 2.7 percent year-on-year in June. On a monthly basis, the reading edged down 0.1 percent.
Vegetable prices registered slower growth, while the growth of fruit prices is expected to narrow, said Liu Xuezhi, a senior researcher with the Bank of Communications' Financial Research Center. Except for pork prices, other factors that drive up CPI have a relatively weak effect, Liu said, adding that there will be no obvious inflationary pressures during the second half of this year.
8. Consumer price index
Prices remained stable, with the consumer price index rising moderately by 2.2 percent year-on-year for the first half of this year. CPI, a main gauge of inflation, rose 2.7 percent year-on-year in June. On a monthly basis, the reading edged down 0.1 percent.
Vegetable prices registered slower growth, while the growth of fruit prices is expected to narrow, said Liu Xuezhi, a senior researcher with the Bank of Communications' Financial Research Center. Except for pork prices, other factors that drive up CPI have a relatively weak effect, Liu said, adding that there will be no obvious inflationary pressures during the second half of this year.