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China's CPI up 0.6% in August

2024/9/23

China's consumer prices continued to rise in August amid a sustained recovery of domestic demand, while declines in producer prices indicated more time needed for market sentiment to get fully restored.

The consumer price index (CPI), a main gauge of inflation, was up 0.6 percent year-on-year last month, quickening from the 0.5 percent increase in July, the National Bureau of Statistics (NBS) said in a statement. On a monthly basis, the CPI grew 0.4 percent in August, slightly lower than the 0.5 percent increase in July.

NBS statistician Dong Lijuan attributed the price changes last month to factors including high temperatures and frequent rainfall in the summer.  (China Daily)


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