Economic Buzz: China Inflation Rise 2.8% On Year In August

Economic Buzz: China Inflation Rise 2.8% On Year In August

Sep 10, 2019 04:09 IST capital market

Chinas consumer prices rose 2.8 percent year-on-year in August, the same pace of growth as seen in July, figures from the National Bureau of Statistics showed Tuesday. Food prices surged 10 percent driven by pork prices. Meanwhile, non-food price inflation eased to 1.1 percent from 1.3 percent. Excluding food and energy, core inflation came in at 1.5 percent versus 1.6 percent in July. On a monthly basis, consumer prices gained 0.7 percent after rising 0.4 percent in July. This was the second consecutive increase in prices.

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