| 翻译公司>金融翻译> |
| 中国通货膨胀放缓 |
| 来源：www.geidu.com 作者：智联文通 |
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翻译公司最新消息：
China's inflation rate dipped to a still high 7.7 percent in May amid signs efforts to rein in food prices were finally taking hold, the National Bureau of Statistics said Thursday.
The decline in the consumer price index for May, down from the 8.5 percent rate in April, was widely anticipated thanks to widespread state media reports suggesting the figure would fall below 8 percent for the first time in four months.
However, economists warn that surging prices for crude oil and other commodities pose a continued threat, even as food price increases abate with the arrival of summer.
Food prices, a key component in the price index, rose 19.9 percent in May from a year earlier. But that was down slightly from a 22.1 percent increase in April. It said fresh vegetable prices fell 15.7 percent from a year ago.
Nonfood prices climbed 1.7 percent, compared with 1.8 percent in April, the statistics bureau said.
On Wednesday, authorities said China's producer price index for May -- an indicator of wholesale and raw material prices -- rose to 8.2 percent from April's 8.1 percent, boosted by double-digit increases in prices of oil, coal, steel and other industrial materials.
Inflation is a key political concern in a country where many families spend about half their incomes on food. Spells of high inflation in the 1980s and 1990s helped trigger protests, a scenario that Chinese leaders are keen to avoid as the country comes under intense foreign scrutiny ahead of this summer's Beijing Olympics.
Chinese retail gasoline and diesel fuel prices were hiked about 11 percent in November but have remained frozen since. In January, food processors were ordered to get approval for any price hikes, and fertilizer prices have been frozen to protect farmers.
Persisting concerns over the issue were evident in a central bank decision, announced over the weekend, to raise the deposits banks are required to keep in reserve by 1 percent this month to a record high 17.5 percent. The move is aimed at curbing excess bank lending that is seen as contributing to price increases.
May's inflation rate was the lowest since a 7.1 percent increase reported in January and the first significant decline since prices began climbing more than a year ago.
"Increased supply has continued to contribute to stabilizing farm product prices," Jing Ulrich, chairwoman of China equities for JP Morgan Chase & Co., said in a written commentary Thursday.
The decline might have been faster, she noted, if not for the disastrous earthquake that struck central China on May 12, devastating cities and towns across much of heavily populated Sichuan province and killing about 70,000 people.
China has raised interest rates and ordered other credit tightening measures to try to ease inflationary pressures without unduly compromising the strong economic growth needed to create jobs.
But unusually severe winter storms in January and February derailed those efforts, wrecking crops, killing livestock and paralyzing transport. Food prices soared amid meat and vegetable shortages in some areas.
Subsidies to farmers have been increased to encourage them to raise more pigs. Curbs have been imposed on grain exports to increase supplies available on domestic markets.
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