A customer buys vegetables at a supermarket in Zaozhuang, East China's Shandong province, Aug 9, 2021. China's consumer price index (CPI), one of the main gauges of inflation, rose 1 percent year-on-year in July, data from the National Bureau of Statistics (NBS) showed on Aug 9. The figure was lower than the 1.1 percent year-on-year growth recorded in June. [Photo/Xinhua]
BEIJING — China's consumer price index (CPI), one of the main gauges of inflation, rose 1 percent year-on-year in July, data from the National Bureau of Statistics (NBS) showed on Aug 9.
The figure was lower than the 1.1 percent year-on-year growth recorded in June.
The slower growth was partly driven by a drop in food prices, which declined 3.7 percent year-on-year last month. In particular, the price of pork, a staple meat in China, slumped 43.5 percent year-on-year in July.
In general, market demand and supply remained steady last month amid government measures to keep prices stable, said senior NBS statistician Dong Lijuan.
China's producer price index, which measures costs for goods at the factory gate, rose 9 percent year-on-year in July, according to the NBS.
China has set its consumer inflation target at approximately 3 percent for the year 2021, according to this year's government work report.
Customers buy vegetables at a supermarket in Danzhai county, Southwest China's Guizhou province, Aug 9, 2021. [Photo/Xinhua]
A customer buys vegetables at a supermarket in Handan, North China's Hebei province, Aug 9, 2021. [Photo/Xinhua]
A customer buys edible oil at a supermarket in Qingzhou, East China's Shandong province, Aug 9, 2021. [Photo/Xinhua]
A customer buys vegetables at a supermarket in Nanjing, capital of East China's Jiangsu province, Aug 9, 2021. [Photo/Xinhua]
A supermarket staff shelves cherry tomatoes in Zunhua city of Tangshan, North China's Hebei province, Aug 9, 2021. [Photo/Xinhua]
