CPI continues to rise in July
7月份CPI继续上涨

China's National Bureau of Statistics (NBS) has released the latest figures of consumer price index (CPI) and producer price index (PPI). According to NBS,the main gauge of inflation, CPI, rose 1.6 percent in July, registering the highest level seen in 2015.

And the measure of costs for goods at the factory gate, PPI, fell 5.4 percent year on year in July, widening from the 4.8-percent drop seen a month earlier.

The July reading dipped to the lowest level since the end of 2009 and marked the forty-first straight month of decline.

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

The Chinese government aims to keep its consumer inflation at around 3 percent for 2015. For the PPI contraction, Yu Qiumei said it was mainly because of dropping prices of industrial products and decreasing costs for oil and natural gas production.