China confident of hitting 3 percent consumer inflation target in 2016: planner
- Wall Street opens flat as investors assess earnings
- General Motors (GM) Tops Q3 EPS by 28c
- Procter & Gamble (PG) Tops Q1 EPS by 5c
- DuPont (DD) Tops Q3 EPS by 14c; Boosts FY16 EPS Outlook; Says Continuing to Work with Regulators
- Pre-Open Stock Movers 10/25: (SAEX) (CWEI) (SWFT) Higher; (DPRX) (CRBP) (UA) Lower (more...)
A view shows people visiting different booths at the Guandong Import and Export Fair in Guangzhou, Guangdong province May 4, 2014. REUTERS/Alex Lee/File Photo
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
BEIJING (Reuters) - China is confident of reaching its official consumer inflation target of around 3 percent this year, the country's top economic planner said on Tuesday.
The National Development and Reform Commission (NDRC) said in an online statement that the average growth of consumer inflation in the second half of 2016 will ease from the first six months.
It added that declines in the producer price index (PPI) will also ease in the second half of this year.
The consumer price index (CPI) rose 1.8 percent in July from a year earlier, compared with a 1.9 percent increase in June, and matching this year's low hit in January.
The producer price index (PPI) fell 1.7 percent in July from a year ago, smaller than June's 2.6 percent decline.
(Reporting By Beijing Monitoring Desk; Editing by Kim Coghill)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Diversity a source of strength in open, inclusive cities: Canada
- Q&A: How to keep a 127-year-old family business alive
- U.S. self-driving sensor maker Savari announces partnership with China's SAIC Motor
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!