Guangzhou (JLC), August 10, 2022--China's consumer price index (CPI), a main gauge of inflation, rose 2.7% year on year in July, the National Bureau of Statistics (NBS) said Wednesday.
The growth accelerated from a 2.5% increase in June, the NBS data showed.
Non-food prices rose 1.9% from a year earlier, easing from a 2.5% rise in June, the NBS data indicated.
The core CPI, which excludes food and energy prices, gained 0.8% year on year in July, lower than a 1% increase in June.
On a month-on-month comparison, the CPI inched up 0.5% due to rising pork and fresh vegetable prices, as well as seasonal factors, said Dong Lijuan, a senior statistician with the NBS.
Food prices went up 3% from the previous month, driving up the monthly consumer inflation by about 0.53 percentage points, according to the data.
Specifically, the price of pork, a staple meat in China, increased 25.6% month on month in July, partly due to the reluctance of some pork farmers to sell, while consumer demand recovered, said Dong.
The price of fresh vegetables rose 10.3% due to continuous high temperatures in many regions of the country, while the price of fresh fruit dropped by 3.8% because of increasing market supply.
Wednesday's data also showed that China's producer price index, which measures costs for goods at the factory gate, went up 4.2% year on year in July.
