BUSINESS China's CPI up 2.8 pct in July

BUSINESS

China's CPI up 2.8 pct in July

Xinhua

09:38, August 09, 2019

BEIJING, Aug. 9 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 2.8 percent year on year in July, up from 2.7 percent in June, the National Bureau of Statistics said Friday.

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(File Photo: VCG)

Food prices grew 9.1 percent year on year last month, up from 8.3 percent in June, while non-food prices gained 1.3 percent, 0.1 percentage points lower than that of June.

The CPI in urban and rural areas registered a year-on-year growth of 2.7 percent and 2.9 percent, respectively.

In the first seven months, consumer prices rose 2.3 percent from a year earlier on average, the bureau said.

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