China's August inflation slows to 2.6 percent

Beijing, Sep 9 (IANS) China's consumer price index, a main gauge of inflation, rose 2.6 percent year-on-year in August, down from 2.7 percent in July, the National Bureau of Statistics (NBS) said Monday.

The consumer inflation has stayed between 2 percent and 3.2 percent this year, well below the government's full-year target of 3.5 percent, Xinhua reported.

Last month, food prices rose 4.7 percent year-on-year, while prices of non-food products were up 1.5 percent, the NBS said.

China's economy has been stuck in a protracted weak recovery, easing to 7.5-percent growth in the second quarter of 2013 from 7.7 percent in the first three months and 7.9 percent in the final quarter of 2012.


Get stories like this on the Yahoo app and discover more every day.
Download it now.