Chinese Inflation Edges Down to 2.6% in August



In August, China's consumer prices rose an annual 2.6 percent, down from 2.7 percent in July. Food prices provided again the biggest upward pressure on the overall index. Consumer goods costs were up by 2.5 percent while those of services rose 2.7 percent.

In August, food prices went up by 4.7 percent year-on-year, affecting nearly 1.54 percentage points increase in the overall price level. Of which, the prices of meat and poultry went up by 7.2 percent, affecting 0.52 p.p. increase in the overall price level and fresh vegetables went up by 5.2 percent, affecting nearly 0.16 p.p..

Prices for clothing rose by 2.2 percent year-on-year and health care and personal articles costs grew by 1.2 percent. Prices for transportation and communication remained unchanged. while those for recreation, education, culture articles and services grew by 1.2 percent year-on-year. Prices for residence went up by 2.6 percent year-on-year.

The prices grew by 2.5 percent in cities and 2.9 percent in rural areas. On a monthly basis, consumer prices were up 0.5 percent.

Chinese Inflation Edges Down to 2.6% in August


National Bureau of Statistics | Nuno Fontes | nuno@tradingeconomics.com
9/9/2013 9:20:27 AM