China Consumer Prices Up 1.8% in July
China's consumer price
Beijing - QNA
China's consumer price index (CPI), a main gauge of inflation, grew 1.8% year on year in July, down from June's 1.9%, the National Bureau of Statistics announced Tuesday.
The July data dropped for the third-consecutive month from 2.3% in April, when the CPI reached its highest level since July 2014, according to China's (Xinhua) News Agency.
On a month-on-month basis, the CPI rose 0.2% in July.
NBS statistician Yu Qiumei attributed the moderated inflation mostly to eased food prices.
The price of pork rose 16.1% year on year in July, slowing from 30.1% rise recorded in June.
Since January, CPI has been calculated using a new comparison base and included more products and services, while slightly reducing the weighting of food.
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