City
Epaper

Inflation in China soared 2.8% in July

By IANS | Updated: August 9, 2019 10:35 IST

China's consumer price index, the main indicator of inflation, increased 2.8 per cent year-on-year in July, 0.1 per cent more than the two previous months, marking the highest rate so far this year, official figures showed on Friday.

Open in App

As in the case of June, the increase was driven by food prices, which rose 9.1 per cent, the National Bureau of Statistics figures revealed.

In this section, prices of fresh fruits registered an increase of 39.1 per cent year-on-year (although it was 6.2 per cent lower than in the previous month), while the price of pork - which has a high demand in China - increased by 27 per cent (7.8 per cent more than June) and the cost of eggs rose 10.9 per cent, reports Efe news.

The increase in non-food prices was 1.3 per cent, 0.1 per cent less than the previous month.

Prices in the services, health and education, and culture and entertainment sectors increased by 3.4 per cent, 2.6 per cent and 2.3 per cent, respectively.

In the healthcare sector, traditional Chinese medicine recorded a rise of 4.7 per cent, compared to 4.5 per cent witnessed by so-called "Western medicine".

Clothing prices increased by 1.8 per cent year-on-year, housing by 1.5 per cent, and real estate and property services by 0.8 per cent.

On the other hand, prices in transport and communications fell by 2.1 per cent year-on-year, with fuel accounting for a major part of it as its prices fell 9 per cent.

The overall inflation for the first seven months of the year was 2.3 per cent year-on-year.

( With inputs from IANS )

Open in App

Related Stories

EntertainmentAnil Kapoor start dubbing for ‘Subedaar’

InternationalSpain, Portugal hit by massive power outage, millions left without electricity

NationalPakistan cries if we stop or even release water: Haryana Minister

BusinessAhuja Residences Launches 'Ahuja Residency Sage' - A Chic New Boutique Hotel in Malviya Nagar, New Delhi

Other Sports12 teams to compete for Marshal Arjan Singh Memorial Hockey Tournament

International Realted Stories

InternationalRussia-Ukraine war: Putin announces three-day ceasefire in May to mark Victory Day celebrations

InternationalPakistan destined to cry, will have to pay the price for Pahalgam horror: Anil Vij (IANS interview)

InternationalThe process to elect a new Pope set to get underway with the conclave of Cardinals on May 7

InternationalPhilippines slams China for 'desperate and cheap stunts' around Sandy Cay

InternationalProtests continue in Sindh against Pakistan government's canal project on River Indus