News: China CPI (Consumer Price Index) hits 10 years high!
This is really a horrible news, and guess things will only be more and more expensive in china...
7月份我国CPI同比上涨5.6% 创出十年新高
2007年08月13日10:50
全景网8月13日讯 按照计划，国家统计局将在今日公布7月份居民消费价格指数(CPI)数据，继6月超过4%之后，7月CPI 同比增幅5.6%，创出十年新高。
7月份，居民消费价格总水平同比上涨5.6%，其中城市价格上涨5.3%，农村价格上涨6.3%；食品价格 上涨15.4%，非食品价格上涨0.9%；消费品价格上涨6.9%，服务项目价格上涨1.6%。从月环比看 ，居民消费价格总水平比上月上涨0.9%。
从八大类别看，7月份，食品类价格同比上涨15.4%。其中，粮食价格上涨6.0%，油脂价格上涨30.1 %，肉禽及其制品价格上涨45.2%，鲜蛋价格上涨30.6%，水产品价格上涨5.4%，鲜菜价格上涨18 .7%，鲜果价格下降12.2%，调味品价格上涨4.5%。
1-7月份累计，居民消费价格总水平同比上涨3.5%。
国家统计局10日公布的数据显示，7月份工业品出厂价格（PPI）同比上涨2.4%，与6月份的2.5%相 比，增速小幅回落。
在CPI数据进一步走高的同时，上周三央行公布的货币政策报告也显示，7月金融机构人民币贷款增加2314 亿元，创出历史同期新高，同比多增597亿元。这表明货币增长过快，信贷投放过多的问题仍在延 续。
央行上周五发布的7月份金融运行报告显示，7月末，我国广义货币供应量（M2）同比增长18．48%，增速 创下自去年6月份以来的新高；金融机构人民币各项贷款余额25.31万亿元，同比增长16.6 3%。
知名投行摩根士丹利中华区首席经济学家王庆日前发布报告称，CPI增速可能达到5.5%。此前高盛给出的预 测是5.1%。
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Here is english version...
China July CPI up 5.6 pct yr-on-yr; highest since Feb 1997 - UPDATE
08.12.07, 11:46 PM ET
http://www.forbes.com/afxnewslimited...fx4011711.html
BEIJING (XFN-ASIA) - China's consumer price index (CPI) rose 5.6 pct year-on-year in July, bringing inflation to its highest single-month level since February 1997, the National Bureau of Statistics (NBS) said.
In the seven months to July, CPI rose 3.5 pct from a year earlier, the NBS said.
CPI-based inflation for June had been reported at 4.4 pct, while the first-half figure was at 3.2 pct.
The NBS said urban CPI rose 5.3 pct year-on-year in July, while rural CPI was up 6.3 pct.
Food prices rose 15.4 pct year-on-year last month while non-food prices were up 0.9 pct.
Consumer goods prices rose 6.9 pct year-on-year, with services prices were up 1.6 pct.
Grain prices in July were up 6.0 pct from a year earlier, egg prices were up 30.6 pct, and meat and poultry prices were up 45.2 pct.
Seafood product prices were up 5.4 pct, while fresh vegetable prices rose 18.7 pct and fresh fruit prices fell 12.2 pct.
Tobacco product prices were up 0.9 pct in July while spirits prices rose 3.6 pct.
Cost of household services and maintenance rose 1.7 pct while prices for medical care and personal utilities rose 2.2 pct.
Western medicine prices fell 0.9 pct in July from a year earlier, while traditional Chinese medicine prices rose 10.0 pct.
Urban transportation costs rose 2.7 pct, while communications costs fell 18.2 pct.
Recreation, education and culture and related services prices also fell 1.2 pct.
Residential and rental prices were up 4.4 pct and 3.9 pct respectively in July.