|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

Inflation Rises by 2.8% Year-on-Year in China, an 18-Month High

BEIJING – China’s consumer price index, the main indicator of consumer inflation, recorded a rise of 2.8 percent year-on-year in August, official data showed on Tuesday.

The figure, which is the highest since February 2018, rose 0.7 percent from July.

In July, it had gained 0.4 percent compared to the preceding month.

The main cause of the year-on-year increase was the price of food products, which went up 10 percent, China’s National Bureau of Statistics said in a statement.

Meat products registered the highest increase, with an inflation of 30.9 percent year-on-year.

The price of pork meat – which is in high demand among Chinese consumers – saw a jump of 46.7 percent compared to the previous year.

Dry fruits also shot up 24 percent year-on-year, while eggs and alcohol saw their price go up by 3.6 and 2.3 percent, respectively.

However, non-food prices were 0.2 percent cheaper than in July, with a gain of only 1.1 percent.

The prices in the services sector, the healthcare and education sector and the culture and entertainment sector went up 1.6 percent, 2.3 percent and 2.1 percent, respectively.

Within the healthcare sector, traditional Chinese medicine products registered a gain of 4.3 percent, compared to a 4-percent rise in prices for products belonging to the field of so-called “Western” medicine.

However, the transport and communications prices fell 2.3 percent year-on-year, 0.2 percent more than the figure recorded in July, because the price of fuel dropped by 10.2 percent.

In the period between January and August, the year-on-year inflation average has been 2.4 percent.

The Chinese government aims to keep consumer inflation under about 3 percent in 2019.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2019 © All rights reserved