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China's CPI stable as external uncertainties have little effect

Date: 2019-07-23
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Experts, authorities and industry insiders saidChina's consumer price index (CPI) would run within a reasonable scope as predicted in both the short and long term.

In May,China's CPI increased by 2.7 percent year-on-year, which came after tighter supplies of fruit, pork and vegetables which drove up food prices, experts told People's Daily.

However, sufficient supplies in June have pushed the prices of consumer products down. In June, the cost of cucumbers dropped by nearly half when compared with May in Beijing.

In May, the price of air tickets and travel service charges dropped by 6.5 percent and 1.5 percent, respectively. Together, they contributed to a drop of 0.04 percentage points in CPI.


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