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Economy

China's CPI continues to rise in July

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2015-08-09 14:31Xinhua Editor: Gu Liping
People buy vegetables at a supermarket in Hengshui City, north China's Hebei Province, Aug. 8, 2015. China's consumer price index (CPI), the main gauge of inflation, rose by 1.6 percent year on year in July, the highest level since 2015, the State Bureau of Statistics announced on Aug. 9. (Photo: Xinhua/Mou Yu)

People buy vegetables at a supermarket in Hengshui City, north China's Hebei Province, Aug. 8, 2015. China's consumer price index (CPI), the main gauge of inflation, rose by 1.6 percent year on year in July, the highest level since 2015, the State Bureau of Statistics announced on Aug. 9. (Photo: Xinhua/Mou Yu)

China's consumer price index (CPI), a main gauge of inflation, rose to 1.6 percent in July, the highest level seen in 2015.

On a monthly basis, consumer prices edged up 0.3 percent in July, the National Bureau of Statistics (NBS) announced on Sunday.

For the first seven months, CPI increased 1.3 percent year on year.

NBS statistician Yu Qiumei attributed the CPI hike mainly to higher pork prices. Costs for medical care, vegetables, housekeeping, tobacco, education were also on the rise.

The Chinese government aims to keep its consumer inflation at around 3 percent for 2015.

  

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