For more on June's CPI and PPI figures, we're now joined by Hu Yuwei, Deputy Director of the Macro Research Department at the Chongyang Institute for Financial Studies in Remin University. Welcome to our program.

Q1. Mr. Hu, what do you make of this new data. What's behind this moderate growth in CPI, as well as the decline in PPI?

Q2. While the June figures showed moderate inflation, the major concern for the general public is surely the rise in commodity prices. How do you see this developing in the near future?