Data released today by the national bureau of statistics showed that the CPI rose 1.4% in July from a year earlier, with the increase falling short of 2% for six months.
The analysis believes that the current prices are generally stable and are in a moderate upward trend.
The recent rise in food prices, such as vegetables, is needed.
The CPI rose for six consecutive months below 2%
Data showed that the CPI rose 1.4% in July, a tenth of a percentage point lower than the previous month.
Reporters noted that the CPI has been up for six months since February and has been below 2 percent.
Zhao xijun, deputy dean of the school of finance and finance at renmin university of China, told China's xinxin.com that the year-on-year CPI inflation in July has fallen, mainly due to the fall in food prices such as pork.
Specific data showed that food prices fell 1.1% in July, affecting the CPI by about 0.21 percentage point.
Among them, the price of pork fell by 15.5%, affecting the CPI decline by 0.46 percentage points.
Fresh food prices rose 9.1 percent, affecting the CPI by about 0.20 percentage points.
Non-food prices rose 2.0%, affecting the CPI by about 1.62 percentage points.
Zhao xijun believes that, at present, CPI inflation continues to maintain low operation, indicating that the current prices are generally stable and are in a moderate upward trend.
The price of vegetables should be raised too fast
For over a period of time in the future price movements, said zhao xijun, estimated in the future a period of time, still keep large probability of low price, but need to focus on domestic natural disasters, extreme weather and other factors, some agricultural prices may fluctuate in individual time, local area.
The rise in vegetable prices requires attention.
According to the national bureau of statistics, the price of fresh vegetables rose by 7.0% in July after a five-month drop in July from the previous month, due to widespread high temperatures and regional heavy rainfall.
Vegetable prices have continued to rise since August.
According to the ministry of agriculture, average vegetable prices continued to rise from July 31 to August 6, 2017.
The average weekly price of 28 kinds of vegetables, which were mainly monitored, was 3.84 yuan per kilogram, up 4.3 percent from the previous month.
In the second half of the year, bank of communications chief economist lian ping believes that the upward pressure for the second half of the year will be modest.
If there are no big external shocks, the year-on-year CPI growth in the second half of the year is expected to be slightly lower than in the first half of the year.
