China's CPI Rose 2.8% Annually in August as Pork Prices Surged 46.7%
Xu Wei
/SOURCE : yicai
China's CPI Rose 2.8% Annually in August as Pork Prices Surged 46.7%

(Yicai Global) Sep. 10 -- China's consumer prices were up 2.8 percent in August compared with the year-ago period, with the price of pork soaring by 46.7 percent, according to data published by the National Bureau of Statistics today.

The CPI was up 0.7 percent from July, when pork prices leaped 23.1 percent, the figures showed. Over the first eight months, the CPI was up 2.4 percent on average with pork prices rising 15 percent.

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Keywords: CPI