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China's CPI up 2.8 pct in August

(Xinhua)    10:20, September 10, 2019

China's consumer price index (CPI), a main gauge of inflation, increased 2.8 percent year-on-year in August, the National Bureau of Statistics said Tuesday.

The growth rate remained unchanged from that in July.

Food prices grew 10 percent year-on-year last month, up from 9.1 percent in July, while non-food prices rose 1.1 percent, 0.2 percentage points lower than that of July.

Pork prices increased by 46.7 percent year-on-year in August, contributing 1.08 percentage points to the overall CPI growth.

Fruit prices jumped by 24 percent in August over a year ago, contributing 0.39 percentage point to overall CPI increase.

The CPI in urban and rural areas registered a year-on-year growth of 2.8 percent and 3.1 percent, respectively.

China's producer price index, which measures costs for goods at the factory gate, dropped 0.8 percent year on year in August.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Liang Jun, Bianji)

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