国际英语资讯:Chinas mild inflation creates room for financial risk control_时事

国际英语资讯:Chinas mild inflation creates room for financial risk control

BEIJING, Sept. 9 -- China's inflation accelerated faster than expected in August, but remained mild overall, leaving policy makers room for containing financial leverage and risks.

Fresh data showed Saturday that consumer price index (CPI), a main gauge of inflation, rose to a seven-month high of 1.8 percent in August, compared with July's 1.4 percent, beating market expectations of 1.6 percent.

For the first eight months of the year, CPI climbed 1.5 percent from one year earlier, according to data from the National Bureau of Statistics (NBS).

The core consumer inflation, which excludes volatile food and energy prices, increased 2.2 percent year on year in August, up slightly from July's 2.1 percent. The core CPI has been holding steady at a little above 2 percent since March.

国际英语资讯:Chinas mild inflation creates room for financial risk control1

The stronger, yet still moderate, consumer inflation remained below the government's annual target of around 3 percent set for 2017.

Producer price index (PPI), which measures costs of goods at the factory gate, climbed to a four-month high of 6.3 percent in August, compared with 5.5 percent in July, according to NBS.

PPI growth, which was higher than the market forecast of 5.7 percent, was boosted by increases in the prices of steel, non-ferrous metals, as well as oil and natural gas.

Analysts said the pick-up in inflation is unlikely to continue because of a high comparative base in September 2016 and the fading effects of seasonal factors during the rest of the year.