Chinese Inflation Accelerates To 2.8% In August From 2.3% Year Ago - Statistics Bureau

Sumaira FH Published September 10, 2019 | 01:00 PM

Chinese Inflation Accelerates to 2.8% in August From 2.3% Year Ago - Statistics Bureau

BEIJING (UrduPoint News / Sputnik - 10th September, 2019) China's consumer prices grew 2.8 percent year-on-year in August, unchanged from July and up from 2.3 percent growth in August 2018, the country's National Bureau of Statistics (NBS) revealed on Tuesday.

According to NBS data, inflation in the previous two months was the highest since February last year.

The NBS attributes accelerated inflation primarily to higher food prices, in particular pork and fresh fruit.

Food prices surged 10.0 percent year-on-year in August, other consumer products by 1.1 percent.

Meanwhile, producer prices in August increased by 0.8 percent year-on-year.

According to the official forecast, inflation in China in 2019 will accelerate to about 3 percent from 2.1 percent in 2018.

Facebook Twitter Reddit Pinterest Whatsapp

Recent Stories

Venezuela shuts Ecuador diplomatic missions over r ..

Venezuela shuts Ecuador diplomatic missions over raid

France and Germany will slow eurozone down: IMF

France and Germany will slow eurozone down: IMF

UN to launch $2.8 bn global appeal for Gaza, West ..

UN to launch $2.8 bn global appeal for Gaza, West Bank

COAS, Saudi FM discuss bilateral cooperation in va ..

COAS, Saudi FM discuss bilateral cooperation in various sectors

Big industry grows by 0.06 % in February 2024

Big industry grows by 0.06 % in February 2024

PTI's plan to destroy national economy has failed: ..

PTI's plan to destroy national economy has failed: Senator Talal Chaudhry

Fire at Copenhagen landmark 'under control'

Fire at Copenhagen landmark 'under control'

Hub rally on April 28

Hub rally on April 28

Saudi delegation's visit to usher in new era of cl ..

Saudi delegation's visit to usher in new era of close cooperation: Prime Ministe ..

Erdogan says Netanyahu to blame for Iran's attack ..

Erdogan says Netanyahu to blame for Iran's attack on Israel

Human traffickers gang busted in Mirpurkhas, 2 gir ..

Human traffickers gang busted in Mirpurkhas, 2 girls rescued

Man killed in Attock

Man killed in Attock