China Inflation Rate at Three-Year High in July

China's consumer price index rose 6.5 percent in July compared to a year earlier, the highest level since June 2008 when it reached 7.1 percent.
TradingEconomics.com, National Bureau of Statistics China 8/9/2011 12:03:27 PM

Food prices, which are likely to hurt low earners the hardest with foodstuffs accounting for more than one-third of the monthly spending of the average Chinese consumer, were up 14.8 percent in July.

The July rate was up 0.5 percent month-on-month, while CPI in June had risen 6.4 percent from the same month of 2010. In May, it rose 5.5 percent year on year.

China's producer price index (PPI) for July, a measure of inflation at the wholesale level, was up 7.5 percent year-on-year, the NBS said, from 7.1 percent in June.


China Inflation Rate at Three-Year High in July