China Consumer Price Index rise rate is declining 13:02 on June 10 due to resumption of production activities
China's CPI last month rose 2.4% compared to the same month last year, the rate of increase narrowing from the previous month. Due to the spread of new coronavirus infections, prices in China, which had soared temporarily, have settled down along with the recovery of production and logistics, and were in the 2% range for the first time in nine months.
Last month's CPI, released by the National Bureau of Statistics of China, rose 2.4% from the same month last year, rising 0.9 percentage points from the previous month.
The rate of increase has fallen for the fourth straight month, reaching the 2% level for the first time in nine months since last August.
The consumer price index will exceed 5% in January and February due to the temporary increase in pork prices caused by ASF = African swine fever and the temporary suspension of distribution due to the spread of new coronavirus infection. It was at the standard.
Since then, the recovery of production and logistics has increased the supply of pork and other products, and the rise in prices has calmed down, the National Bureau of Statistics explains.
On the other hand, last month's producer price index, which shows the trend of prices when companies ship products, was minus 3.7% compared to the same month last year, the lowest for the first time in 4 years and 2 months since March 2016. It became the standard.
It will be negative for the fourth consecutive month, which seems to reflect a drop in international prices for crude oil and other unfavorable recovery in demand.