Economy

China's CPI to increase 2.6 pct in H1: NDRC

(Xinhua)
Updated: 2010-06-13 08:49
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BEIJING - China's consumer price index (CPI) is expected to grow 2.6 percent in the first half of 2010 over one year ago, the nation's economic planning agency said on Friday.

Related readings:
China's CPI to increase 2.6 pct in H1: NDRC CPI increases 3.1% in May
China's CPI to increase 2.6 pct in H1: NDRC CPI hits 19-month high but not all see tighter policy
China's CPI to increase 2.6 pct in H1: NDRC Price surge in farm products has limited impact on CPI
China's CPI to increase 2.6 pct in H1: NDRC Speculation has limited impact on China's CPI

As the world's major economies have only experienced moderate inflation and international commodity prices dropped sharply, this has simultaneously reduced domestic inflation pressures on China, according to a statement released by the National Development and Reform Commission (NDRC).

In addition, skyrocketing prices of some farm produce such as garlic has been curbed as the government's crackdown on speculation has proven effective. Summer grain is also likely to see a bumper harvest, it said.

The CPI rose 3.1 percent year on year in May, up 0.3 percentage points from April's 2.8 percent.