Data released by the National Bureau of Statistics on July 9th shows that the Consumer Price Index (CPI), which reflects prices for eight major categories of goods including clothing, food, housing, and transportation, rose by 1.0% year-on-year in the first half of the year.
Among these, China has continued its work to ensure the supply and price stability of essential consumer goods, resulting in minor fluctuations and a generally stable, slightly declining trend in food prices.
For the month of June alone, the CPI increased by 1.0% compared to the same period last year, indicating overall stable price movements.
From the perspective of the production sector, influenced by factors such as rising international crude oil prices and increased demand in certain domestic industries, the Producer Price Index (PPI) for June rose by 4.1% year-on-year, marking the fourth consecutive month of year-on-year growth.
Looking at the first half of the year as a whole, the PPI increased by 1.5% year-on-year, with notable price rises observed in sectors such as non-ferrous metals, petrochemicals, and electrical machinery.
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