China’s State Statistics Agency (SSA) reported that annual inflation in the country was 0.1% in August 2023, while the forecast was 0.3%. Relevant data is published at: Web site to manage.
According to the State Statistics Service, prices in cities increased by 0.2%, while prices in rural areas decreased by 0.2%. It was reported that food prices decreased by 1.7% and consumer goods prices decreased by 0.7%. At the same time, prices of non-food products increased by 0.5%, and in the service sector by 1.3%.
“National consumer prices increased by 0.5% in the January-August period compared to the same period last year,” the agency said.
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