China's CPI up 6.5% in July

Updated: 2011-08-09 10:00


Twitter Facebook Myspace Yahoo! Linkedin Mixx

China's CPI up 6.5% in July

BEIJING-- China's inflation accelerated to a 37-month high in July on surging food costs, putting the government in a tough position with worsening global liquidity in sight.

The Consumer Price Index (CPI), a main gauge of inflation, grew 6.5 percent year-on-year in July, the National Bureau of Statistics (NBS) said on Tuesday.

The stubbornly high inflation rate has been driven by increasing food costs, which rose by 14.8 percent in July from a year ago. The price of pork, a staple food in China, soared by nearly 57 percent in July.

On a month-on-month basis, the CPI increased 0.5 percent over that of June.

The Producer Price Index, which is used to calculate inflation at the wholesale level, jumped 7.5 percent year-on-year in July.


My Chinese Valentine

Local businesses are cashing in on a traditional love story involving a cow herder and a goddess

Outdoor success
Lifting the veil
Allure of mystery

European Edition


Star journalist leaves legacy

Li Xing, China Daily's assistant editor-in-chief and veteran columnist, died of a cerebral hemorrhage on Aug 7 in Washington DC, US.

Sowing the seeds of doubt

The presence in China of multinationals such as Monsanto and Pioneer is sparking controversy

Lifting the veil

Beijing's Palace Museum, also known as the Forbidden City, is steeped in history, dreams and tears, which are perfectly reflected in design.

Ancient plate broken
Selfless actions
Space race