Sun, September 09, 2012
Business > Economy

China's Aug. inflation rate rebounds to 2%

2012-09-09 01:57:10 GMT2012-09-09 09:57:10(Beijing Time)  Xinhua English

BEIJING, Sept. 9 (Xinhua) -- China's consumer price index, a key gauge of inflation, rose 2 percent year-on-year in August, accelerating from a 1.8 percent growth in July, the National Bureau of Statistics (NBS) said Sunday.

The producer price index, which measures inflation at the wholesale level, slumped 3.5 percent year-on-year, compared with a 2.9 percent decline in July, the NBS said.

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