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The latest consumer prices data from China covering consumer and producer prices showed an overall increase in inflation.
Consumer inflation in China accelerated to a six month high in August. The gains came with an increase in vegetable prices while pork prices posted a soft decline.
The official data released on Monday showed that consumer price index rose 2.3% in August 2018 compared to a year ago. In July, consumer price inflation rose 2.1%, data from the National Bureau of Statistics showed last week.
Food prices gained 1.7% on the year in August compared to the year before and accelerated from 0.5% in July. Price of fresh vegetables increased 4.3% for August expanding the gains from a 3.8% increase in July. Vegetable prices added 0.11 percentage points to the headline inflation rate.
Pork prices, on the other hand, continued to post a drag. Pork prices fell 4.9% in August. The declines were soft compared to J...
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