Home  Contact Us
  Follow Us On:
 
Search:
Advertising Advertising Free Newsletter Free E-Newsletter
NEWS

China consumer prices down 1.4% in May
Published on: 2009-06-10
Share to
User Rating: / 0
PoorBest 
 
BEIJING (AFP) — China's consumer price index fell 1.4 percent in May from a year earlier, the National Bureau of Statistics said Wednesday, reporting the fourth consecutive monthly decline.
 
The consumer price index, the main indicator of inflation and deflation in the world's third-largest economy, was dragged down mainly by non-food items, the bureau said.
 
The index fell by 0.9 percent in the first five months of the year compared with the same period last year, according to the bureau.
 
May's consumer price index was virtually unchanged from April, when it fell 1.5 percent from the same month a year earlier.
 
The continued decline in consumer prices comes as China struggles with the most serious economic slowdown in nearly two decades, brought about by the global financial crisis.
 
The prices of non-food items fell 1.7 percent in May compared with a year earlier, while food prices were down 0.6 percent.
 
While food was not the major factor in last month's price formation in China, the price of pork, the most popular meat for the Chinese, declined by a steep 32 percent in May from a year earlier, the bureau said.
Comments (0)Add Comment

Write comment

security code
Write the displayed characters


busy
    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2022 BusinessTianjin.com. All rights reserved.