Inflation rises by 2.3% in China

Media In / Beijing 10 September 2018
China’s inflation rate rose last August to its highest level in six months, while the wholesale producer price inflation (PPI) declined wholesale on the back of a drop in domestic demand, China’s official statistics bureau revealed.
The inflation rate last month was 3.2% per annum, compared to 1.2% last July, while analysts expected the rate to remain at 1.2%.
At the same time, the rate of inflation is still much lower than the target of the government for the current year as a whole, about 3%.