National Bureau of Statistics: China's CPI increased by 0.1% year-on-year in August
On September 15th, the National Bureau of Statistics released the national economic data for August. In August, the national consumer price increased by 0.1% year-on-year, compared to a decrease of 0.3% last month; The month on month increase was 0.3%. After deducting food and energy prices, the core CPI increased by 0.8% year-on-year. From January to August, the national consumer price increased by 0.5% year-on-year.
By category, in August, food, tobacco, and alcohol prices decreased by 0.5% year-on-year, clothing prices increased by 1.1%, housing prices increased by 0.1%, daily necessities and services prices decreased by 0.5%, transportation and communication prices decreased by 2.1%, education, culture, and entertainment prices increased by 2.5%, healthcare prices increased by 1.2%, and other goods and services prices increased by 3.8%. In terms of food, tobacco, and alcohol prices, pork prices decreased by 17.9% year-on-year, fresh vegetable prices decreased by 3.3%, grain prices increased by 0.6%, and fresh fruit prices increased by 1.3%.
In August, the ex factory prices of industrial producers nationwide decreased by 3.0% year-on-year, a decrease of 1.4 percentage points narrower than the previous month; The month on month increase was 0.2%.