May China CPI and PPI continue to double down

CPI decline 1.4%ppi 7.2% According to Xinhua news agency, Beijing, June 10 (reporter Zheng Feng) National Bureau of Statistics 10th released data, May China's total consumer prices (CPI) year-on-year decline of 1.4%, the chain down 0.3%; industrial factory Price (PPI) fell 7.2%　　The chain Rose 0.1%. The National Bureau of Statistics related to the analysis that May China's food prices fell 0.6% chain, residential prices fell by 0.3%, both affect the CPI quarter-on-quarter decline 0.23%. Among them, the price of pork into the fall channel, but the food prices appeared five consecutive months a small increase in the chain. The negative impact of the international financial crisis on the world's real economy is still growing, and global demand remains sluggish. Despite a clear rebound in prices for some basic products in the past two months, it is still lower than last year's high, especially in the overall decline in industrial consumer prices.　　May China's production of goods factory prices fell 8.8% Year-on-year, the means of subsistence factory prices down 1.9%. According to the survey, May China's pork prices fell 32% year-on-year, food prices rose 5%, oil prices fell 23.1%; clothing prices fell 2.5%; consumer durables fell 1.8%; transport prices fell 2.2%; communications tools fell 18.8%; rental prices rose 1.3%.　　May China's crude oil factory prices fell 50.6% year-on-year, gasoline rose 4.7%; raw coal rose 5.9%; ordinary large steel dropped 28.1%, medium-thickness steel plate down 34%, wire down 31.3%, aluminum down 20%, copper down 38.2%. From 1 to May, China's CPI fell 0.9% Year-on-year, down from 1 to April to expand 0.1%, PPI fell 5.5% year-on-year, the decline than 1 to April expansion of 0.4%, raw materials, fuel, power purchase prices fell 8.2% year-on-year, the increase of 0.5%.