Wednesday, September 28, 2022
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina

NEWS

NEWS

China’s inflation rose 2.7 percent in July

chinas-inflation-rose-2-7-percent-in-july

China’s inflation rose 2.7 percent in July

Beijing, Aug 11 (Prensa Latina) China reported that inflation closed with a 2.7 percent year-on-year increase in July, above the previous month, due to a rise in the price of several food items amid the new Covid-19 outbreak.
Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email

According to the National Bureau of Statistics (NBS), fresh vegetables rose 10.6 points and the price of pork, a staple meat in the country, climbed 25.6 percent.

Since June, the increase in pork prices is associated to some farmers’ activities, such as hoarding and reluctance to sell, as well as increased consumer demand.

The prices of non-food items rose 1.7 percent and wholesale inflation in the industrial sector increased 4.2 percent, lower than in July, thanks to measures to curb the rising cost of raw materials and energy.

Since March, the NBS has warned that inflation could soar above two points, as the country remains under the siege of frequent Covid-19 outbreaks and several socioeconomic sectors are suffering disruptions.

This year, China plans to close that indicator at around three points.

jg/iff/oda/ymr

RELATED
ÚLTIMO MINUTO
name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.