[Economy]
China's consumer prices maintain growth in August
by Shine
September 9, 2024[Economy]
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China's consumer prices continued to rise in August amid a sustained recovery of domestic demand, official data showed Monday.
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 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 summer.
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