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Bureau of Statistics: China's CPI up 2.8 pct Pork up 46.7 pct in August

2019-09-10 www.cofeed.com
China's consumer price index (CPI) rose 2.8 percent year on year in August, up by 0.7 percent from July, the National Bureau of Statistics said Tuesday. 

The CPI in urban and rural areas respectively registered a year-on-year growth of 2.8 percent and 3.1 percent, and a month-on-month growth of 0.6 percent and 1.0 percent. Food prices grew 10 percent year on year last month, up by 3.2 percent from July, while non-food prices gained 1.1 percent, up by 0.1 percent from July. Consumer prices jumped by 3.6 percent in August over a year ago, up 1.1 percent from July, and service prices rose by 1.6 percent year on year, up 0.2 percent from July.  

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

The average CPI for January to August was 2.4 percentage points higher than last year.

Fig.Monthly China CPI Chart (blue: year on year; yellow: month on month)