CPI Hits 7.2% in June Anhui Province (China) in June 2011
OREANDA-NEWS. July 20, 2011. The consumer price index (CPI), the main gauge of inflation, jumped 7.2 percent year-on-year in Anhui province in June, the National Bureau of Statistics (NBS) said.
The June inflation rate accelerated 1.3 percentage points from May's 5.9 percent.
Of the 7.2-percent CPI growth in June, 4.4 percentage points were contributed by the carryover effect of price increases last year, compared to 3.3 percentage points in May, the NBS said, adding that the carryover effect peaked in June before dying down over the second half of this year.
Food prices, which account for nearly one third of the basket of goods in the CPI calculation, continued to rise 17.3 percent from the same period last year.
In June, the price of pork climbed by 73.6 percent from a year earlier, a major factor responsible for 2.0 percentage points of the CPI increase. The pork price rose month-on-month by 13.7 percent.
Growth in non-food prices also accelerated to 2.9 percent in June, with a year-on-year increase of 5.8 percent in the housing price, according to the NBS.
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