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China July CPI down 1.8% on year, PPI down 8.2%
(Xinhua)
Updated: 2009-08-11 10:37

BEIJING: China's consumer price index (CPI), a main gauge of inflation, dipped 1.8 percent in July from a year earlier, the National Bureau of Statistics (NBS) announced Tuesday.

This marked the sixth consecutive month of decline since the index dropped 1.6 percent in February, the first fall since October 2002.

China July CPI down 1.8% on year, PPI down 8.2%

A man buys vegetable at a market in Guangzhou, capital of south China's Guangdong Province, July 16, 2009. China's consumer price index dipped 1.8 percent in July from a year earlier, the National Bureau of Statistics announced Tuesday. [Xinhua]China July CPI down 1.8% on year, PPI down 8.2%

The index was unchanged compared with June, according to the NBS. The CPI fell 1.7 percent in June year on year.

The country's producer price index (PPI), a major measure of inflation at the wholesale level, fell 8.2 percent year on year in July, according to the NBS. It showed a month-on-month increase of 1 percent.

The July decline compared with a 7.8-percent drop in June and 7.2-percent drop in May year on year.

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China's imports and exports continued falling in July from a year earlier, the General Administration of Customs announced Tuesday.

Exports dropped 23 percent year on year last month while imports were 14.9 percent lower than a year earlier. June exports down 21.4%, decline slows