BEIJING — China on Monday reported its consumer price index rose by 0.6% year on year in August, missing expectations as transportation and home goods prices, as well as rents declined.
Food prices climbed by 2.8% year on year in August, the first positive print since June 2023, according to Wind Information data.
Pork prices surged by 16.1% in August, while vegetable prices climbed by 21.8%.
Pork, a food staple in China, has an outsized weighting in the country's consumer price index.
Core-CPI, which strips out food and energy prices, climbed by 0.3% in August from a year ago, a slower rise for a second-straight month.
Persons:
Wang Yifan
Organizations:
Nanhua
Locations:
China, BEIJING — China