China August CPI up 0.5% from July
中国消费价格指数继续上涨

According to the National Bureau of Statistics, China's consumer price index or CPI, the main gauge for inflation, increased in August.

The index grew half a percent from July and 2.6% year on year. It was mainly pushed up by food prices, which account for nearly one-third of the weighting in China’s CPI and increased 1.2% from July and 4.7% year on year.

Analysts say the CPI index could rise further during the remaining months of the year, but will stay under control.

Meanwhile, China’s producer price index, or PPI, which measures wholesale inflation, fell 1.6 percent year on year in August but rose by 0.1% from July.