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Special> Video> Latest
UPDATED: September 10, 2012
Inflation Rate Creeps up Two Percent in August

 

China's annual rate of consumer inflation ticked up two percent in August from July's 30-month low of 1.8 percent, official data shows, complicating efforts by the government to revive growth with further stimulus measures.

A jump in food prices pushed China's inflation rate in August.

Food prices rose 3.4 percent from a year earlier, picking up from the previous month's 2.4 percent growth. Meanwhile non-food prices inflation dropped to 1.4 percent versus 1.5 percent in July. An analysts say food inflation will continue to be a concern in coming months.

China's producer price index, a gauge of inflation at a wholesale level, dropped a steeper 3.5 percent in August from a year earlier, compared to forecasts for a 3.2 percent decline. It marks the sixth straight month of producer price deflation, putting a further squeeze on corporate profits already dampened by a drop-off in demand at home and abroad.

China's economic growth has slowed for six straight quarters and analysts expect the trend to extend to a seventh quarter.

(CNTV.cn September 10, 2012)


 
 

 
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