Inflation rises, but will 'remain controllable'

Fruit, pork drive food price increases, but few other factors support hike

Consumer inflation as measured by the consumer price index continued to strengthen in July, rising by 2.8 percent year-on-year, compared with 2.7 percent in June, according to the National Bureau of Statistics on Friday.

Analysts said the inflation rate may continue at relatively high levels in the coming months, but will not rise strongly, in a way that could affect the country's stable monetary stance. The reading was the highest since February 2018, when it was 2.9 percent.