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

Aug 12,2009  From:china.com_news

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 said here Tuesday.

The producer price index (PPI), a major measurement of inflation at the wholesale level, fell 8.2 percent year on year in July.

The decline compared with a 7.8-percent drop in June and 7.2-percent drop in May from the same period last year.

The urban fixed-asset investment rose 32.9 percent in the first seven months of this year from a year earlier.

The industrial output accelerated 10.8 percent in July from a year earlier,after gaining 10.7 percent in June.

The power generation expanded 4.8 percent in July from a year earlier.

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