China's inflation rebounded slightly in August due to a jump in food prices while industrial production continued to slow, official data released Sunday showed, complicating the government's efforts to stimulate a slowing economy through fresh easing of policies.
The country's consumer price index (CPI), a major gauge of inflation, rose 2.0 percent from a year earlier in August, up from the 30-month low of 1.8 percent rise in July, the National Bureau of Statistics (NBS) said Sunday.
Food prices rose 3.4 percent in August year-on-year, compared with an increase of 2.4 percent in July.
Fresh inflation pressure is expected to rise in the near future due to the continuous rise of international oil prices, a surge of international grain prices and a possible pork price hike from rising demand during the upcoming Mid-Autumn Festival and National Day holidays, Wang Yuwen, a researcher with the Bank of Communications based in Shanghai, said in a research note Sunday.
The producer price index (PPI), which measures the price changes for major commodities by manufacturers at the wholesale level, slipped 3.5 percent in August year-on-year, compared with a 2.9 percent decline in July, the NSB said.
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