Latest News:  
Beijing   Cloudy/Overcast    24 / 15   City Forecast

Home>>China Business

China's inflation eases to 6.2% in August

By Wen Sheng (People's Daily Online)

10:49, September 09, 2011

China's inflation in August eased to 6.2 percent from July's 37-month high of 6.5 percent, thanks to the government's strong hand of tightening credit supply and restricting price rises.

The National Bureau of Statistics said Friday that August's consumer price index, a major gauge of inflation, grew 6.2 percent year-on-year, and the producer price index (PPI) stayed elevated at 7.3 percent, meaning Beijing has to do more to put inflation tightly in check.

The bureau said that food prices had kept climbing in August, as they rose 13.4 percent year-on-year, a prime factor causing higher inflation in the past few months.

Analysts say that eased inflation in August may assuage investors' concerns of another imminent interest rate hike by the central bank, and China's two stock markets in Shanghai and Shenzhen jumped upon the release of the numbers Friday morning.

Email|Print|Comments(Editor:梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Siberian tiger's 1st successful breeding in the wild in China

  2. U.S. security chief calls for vigilance against 9/11 threat

  3. "Audrey" fall and winter underware fashion show

  4. Libya's NTC fighters on their way to Bani Walid

Most Popular

Opinions

  1. Springtime for Libya?
  2. China firmly opposes US sales of F-16s to Taiwan
  3. Mastering the art of public speaking
  4. Arms traders fumbled contact with Gaddafi
  5. More effort needed to "go global"
  6. Cross-border RMB settlement developing rapidly
  7. Chinese FDI wrongly seen as harbinger of doom
  8. The unlearnt lessons of 9/11 today
  9. Opinion: China's economy has landed, safely
  10. Success in Libya cannot pull Europe out of crisis

What's happening in China

Ex-leader's new book already a hot seller

  1. Huaxi Village completes controversial skyscraper
  2. New insurance law covers foreign employees
  3. Volunteers help Tibetan antelope hit the road
  4. All 12 trapped miners confirmed dead
  5. School stole teachers' identities

PD Online Data

  1. Water-Splashing Festival of Dai
  2. The Uyghur Muqam of Xinjiang
  3. Traditional Folk Long Song
  4. The Guqin and its Music
  5. Grand Songs of Dong