Inflation picks up moderately as pork, vegetable prices rise
By Wang Yanfei | China Daily | Updated: 2018-09-11 07:39
China's consumer inflation picked up more than expected in August, mainly driven by food price increases due in part to seasonal factors.
Amid worries about inflation pressure caused by African swine fever and tariff tensions with the United States, there are no major concerns for significant inflation pressure in the coming months, pointing to mild inflation toward the end of this year, according to analysts and officials.
The consumer price index, a main gauge of inflation, rose 2.3 percent year-on-year in August, up from 2.1 percent in the previous month, the largest increase since February, according to the National Bureau of Statistics on Monday.
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