CCTV News
(News Broadcast): The National Bureau of Statistics today (September 9) released data showing that in August, China's consumer market was adequately supplied, prices were generally stable, and the foundation for achieving annual price control targets was solid.
Data show that in August, the national consumer prices rose by 0.8% year-on-year, and the increase was 0.2 percentage points lower than the previous month.
Affected by heavy rainfall and high temperature weather, the prices of fresh vegetables and eggs rose by 8.6% and 8.4% month-on-month in August, an increase from the previous month.
The supply of pork continued to increase. In August, pork prices fell by 1.4% month-on-month, and the rate of decline was narrower than the previous month.
Non-food prices were generally stable. In August, the prices of housing, daily necessities, and services rose by 0.1% month-on-month; the prices of education, culture, entertainment, and medical care remained the same, while the prices of transportation, communications, and clothing decreased month-on-month.
In terms of industrial product prices, the price increase of industrial products has expanded due to the impact of rising prices of coal, chemicals and steel products.
In August, the national factory prices for industrial producers rose by 9.5% year-on-year, an increase of 0.5 percentage points from the previous month.
Experts said that as the effects of policy measures such as increasing coal production and supply and the release of bulk commodity reserves appear, the supply constraints of upstream industries will gradually ease.