韩国三级视频-日韩操-视频一二区-久草欧美-五月天婷婷丁香花-动漫美女靠逼-韩国一区二区三区视频-美女扒开内裤让男人桶-亚洲AV无码精品一区二区三区-无码内射中文字幕岛国片-亚洲成色网

Economic Watch: China sees flat inflation growth in August

Source: Xinhua| 2019-09-10 17:25:26|Editor: huaxia
Video PlayerClose

Customers select vegetables at a supermarket in Nanjing, east China's Jiangsu Province, June 12, 2019. (Xinhua/Su Yang)

Food contributed to 1.93 percentage points of the 2.8-percent growth, with pork, fruits and other main meat products registering double-digit year-on-year growth in August.

BEIJING, Sept. 10 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 2.8 percent year on year in August, the National Bureau of Statistics (NBS) said Tuesday.

The growth rate was unchanged from that in July.

Food prices grew 10 percent year on year last month, up from 9.1 percent in July, while non-food prices gained 1.1 percent, 0.2 percentage points lower than that of July.

Food contributed to 1.93 percentage points of the 2.8-percent growth, with pork, fruits and other main meat products registering double-digit year-on-year growth in August, said NBS senior statistician Shen Yun.

Due to shortage of supply, price of staple meat pork expanded its growth last month to rise 23.1 percent on a monthly basis, Shen said.

China has unveiled a slew of measures and incentives to stabilize hog production and pork supply. On Monday, work plans were released on offering subsidies from the central budget to large pig farms to support their facilities construction.

The moves came as China's pig supply had shrunk substantially due to multiple factors including African swine fever and higher costs of pig breeding, which pushed up pork prices.

Investment bank China International Capital Corporation Limited (CICC) said the recent surge in pork prices was in part attributable to the usual pre-mid-Autumn seasonality.

"The upward pressure for overall CPI this time will likely be visibly less severe than in many of the past food price inflation cycles, as soft aggregate demand growth may dampen non-food CPI and keep the spillover of food price inflation relatively limited," the note said.

China aims to keep consumer inflation at around 3 percent in 2019, according to a government work report.

Tuesday's data also showed that the CPI in urban and rural areas registered a year-on-year growth of 2.8 percent and 3.1 percent, respectively. The producer price index (PPI), which measures costs for goods at the factory gate, dropped 0.8 percent year on year in August.

Higher CPI than PPI usually indicates faster income growth for the household sector versus the corporate sector, and faster rural household income growth versus that of urban ones, CICC's macro team said in the note.

"These shifts may indicate more relative resilience for the demand of selected consumer sectors," the note said.

KEY WORDS:
EXPLORE XINHUANET
010020070750000000000000011102121383814501
主站蜘蛛池模板: 五台县| 桐柏县| 龙井市| 广西| 平陆县| 云浮市| 新竹县| 宁南县| 乾安县| 武山县| 鄢陵县| 昌图县| 临猗县| 新巴尔虎右旗| 扶绥县| 嵊州市| 渭南市| 西峡县| 安乡县| 镇巴县| 武穴市| 嘉荫县| 襄垣县| 平阳县| 阜城县| 山东省| 甘孜| 若羌县| 和硕县| 黄大仙区| 成都市| 凤冈县| 若尔盖县| 蓬溪县| 柳江县| 宝清县| 台州市| 石景山区| 江城| 佛教| 东阿县|