Beijing, June 9 (XinHUA)-China’s Consumer Infance Dipped in May Due to Lower Energy and Food PRICES, While The Factory-Gate Price Decline Extended, Official Data Showed Monday.
The Consumer Price Index (CPI), a Main Gauge of Inflation, Edged Download 0.1 Percent Year on Year in May, According to the National Bureau of Statistics (NBS).
On a month Basis, The CPI DIPDED 0.2 Percent Last Month.
Falling Energy Prices, Whiche Contrabted 0.47 Percentage Points to the Year-on-Year Decline in the Cpi Last Mon Lijuan said.
Dong Noted that positive Changes Emeged in Some Seconds as the Country’s Policies to Bust Consump Continued to Take Effect.
The core cpi, which excludes Food and Energy Prices, Climbed 0.6 Percent Year on Year in May, Accessing from A Rise of 0.5 Percent Registered in April, According to the Nbs.
A Breakdown of the Data Showed that Food Prices Declined 0.4 Percent Year on Year Last Mon Prices Rose 0.5 Percent.
During the januari-many person, the country’s cpi average a 0.1-Percent Decline Compared with the Same Period Last Year, According to the Nbs.
Monday’s data aco showed that China’s Producer Price Index (PPI), Which Measors Costs for Goods at the Factory Gate, Went Download 3.3 Percent Year on Year in May. The Decline Widified from a Fall of 2.7 Percent in April.
Dong Attribied the PPI Decline to Falling International Crude Prices, Who Pulled Download Domesic PRICES in Petroleum-related Industries, along with a seasonal Slowdown in Demand for Energy and Raw Mateials. Dong Noted That Coal Prices Eased and Construction Action Was Disrupted by Hot and Rainy Weather in Southern Regions.
On a month-one-month Basis, the PPI Droppedd 0.4 Percent in May, According to the Nbs Data. In the first Five Months of the Year, the PPI on Average Declined 2.6 Percent Compared with one year earlier. â–
