China's CPI August +2.5%

According to the National Bureau of Statistics (NBS) data released on September 9, China's consumer price index (CPI), a leading indicator of inflation, rose 2.5 percent year on year in August.


Thanks to efforts to contain COVID-19 and extreme weather impacts, as well as efforts to ensure sufficient supply and stable prices, August's CPI remained relatively stable, reversing the 0.5-percent rise in July to edge down 0.1 percent.


Data shows that food prices went up 0.5 percent from July to August, raising the monthly consumer inflation by about 0.1 percentage points.


Non-food prices rose 1.7 percent from a year earlier, lifting the yearly consumer inflation by about 1.38 percentage points.


The prices of gasoline and diesel reported year-on-year growths of 20.2 percent and 21.9 percent, respectively.


Core CPI, which excludes food and energy prices, gained 0.8 percent year on year in August and remained unchanged from July.


Additionally, the data showed that China's producer price index, which measures costs for goods at the factory gate, went up 2.3 percent year on year in August.


Recent articles