2021-07-09 03:00:55 GMT2021-07-09 11:00:55(Beijing Time)
BEIJING, July 9 (Xinhua) China s consumer price index (CPI), one of the main gauges of inflation, rose 1.1 percent year on year in June, data from the National Bureau of Statistics (NBS) showed on Friday.
The figure was lower than the 1.3 percent year-on-year growth recorded in May.
China s economy recovered steadily in June, with ample supply in the consumer market and the stable performance of consumer prices, said senior NBS statistician Dong Lijuan.
China s producer price index, which measures costs for goods at the factory gate, rose 8.8 percent year on year in June, according to the NBS. Enditem
Key benchmark indices are trading on a weak note in early trade on selling pressure in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 225.77 points or 0.43% at 52,343.17. The Nifty 50 index was down 59.50 points or 0.38% at 15,668.40. Asian stocks are trading lower on Friday as Covid worries resurfaced in the region.
The S&P BSE Mid-Cap index was up 0.35%. The S&P BSE Small-Cap index was up 0.23%.
The market breadth, indicating the overall health of the market, is positive. On the BSE, 1416 shares rose and 1053 shares fell. A total of 101 shares were unchanged.
Stocks in news:
SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 44 points at the opening bell.
Global markets:
Overseas, Asian stocks are trading lower on Friday as Covid worries resurfaced in the region.
China s consumer price index for June rose 1.1% as compared with a year ago, data from the country s National Bureau of Statistics showed on Friday. The producer price index for June rose 8.8% as compared with a year ago. The June PPI reading was a slight decrease in pace from the 9% increase in May.
Olympics organizers will ban spectators from the upcoming summer games in Tokyo, after a state of emergency for the city was declared by Japan on Thursday as the country sees rising Covid-19 cases. The state of emergency will last till August 22.
“Possibilities are there, but it is going to take some time; it’s going to require investments, it’s going to take the government and other partners to really see this becomes one that’s done not with the herders but also with the farmers,” she said during her visit to Jamilatu Farms which has embraced ranching in Gombe.
“And I can see from this that you can’t just do it from the cattle; you also have to have other livestock. So, the livestock policy in the country really has to be robust if we’re to see a transition to what the government wants to do with open ranching.’’
1 2021-07-09 09:48:57Xinhua
Editor : Zhang Mingxin
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China s producer price index (PPI), which measures costs for goods at the factory gate, went up 8.8 percent year on year in June, the National Bureau of Statistics said Friday.
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