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Consumer Inflation in China was Moderate
Consumer inflation in China was moderate. The consumer price index in the country increased by 2.4 percent in August.
Yazar: Elif Dinçer
Yayınlanma: 9 Eylül 2020 13:29
Güncellenme: 7 Kasım 2024 11:09
Consumer Inflation in China was Moderate
The consumer price index in the country increased by 2.4 percent in August.
As a result of increase by 11.2 percent in food prices, consumer inflation in China followed a moderate course last month.
The National Bureau of Statistics shared data on the consumer price index on Wednesday. Accordingly, the consumer price index rose 2.4 percent in August compared to the same month of 2019. The index had increased by 2.7 percent in July.
While the producer price index decreased by 2 percent on an annual basis, the median expectation was for a decline of 1.9 percent. The index declined by 2.4 percent in July.
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