Customers select goods at a supermarket in Beijing, on Aug 19, 2022. (PHOTO / VCG)
China's consumer price index (CPI), a main gauge of inflation, rose 2.5 percent year on year in August, following a 2.7 percent rise in the previous month, the National Bureau of Statistics (NBS) said Friday.
READ MORE: Official: China able to achieve inflation target this year
Compared to a year ago, food prices increased 6.1 percent, against a 6.3 percent gain in July, resulting in a rise of around 1.09 percentage points in headline CPI. Notably, pork prices jumped 22.4 percent on a yearly basis, compared with a 20.2 percent increase in the previous month.
Due to price fluctuations of bulk commodities, including international crude oil and non-ferrous metals, and weak domestic demand, the prices of industrial products fell on the whole last month, said senior NBS statistician Dong Lijuan
On a month-on-month basis, the CPI fell 0.1 percent.
The growth in core CPI, which excludes volatile food and energy prices and is deemed as a better gauge of the supply-demand relationship in the economy, came in at 0.8 percent year-on-year in August, flat with the previous month.
Factory-gate prices up 2.3%
Meanwhile, China's producer price index (PPI), which measures costs for goods at the factory gate, went up 2.3 percent year on year in August, the NBS said.
The figure moderated from the 4.2 percent year-on-year increase registered in July. On a monthly basis, China's PPI fell 1.2 percent in August.
ALSO READ: PBOC expected to focus on curbing inflation
Due to price fluctuations of bulk commodities, including international crude oil and non-ferrous metals, and weak domestic demand, the prices of industrial products fell on the whole last month, said senior NBS statistician Dong Lijuan.
Ouyang Shijia contributed to this report