Favorable conditions keep prices stable in China

By Xinhua News Agency

Aug 24, 2022 12:13 am

BEIJING: China can keep consumer prices within a reasonable range despite soaring inflationary pressures worldwide and food-price fluctuations in the near term, officials and analysts say.

The East Asian country's consumer price index (CPI), a main gauge of inflation, rose 2.7 percent year on year in July. Its producer price index, which measures the costs of goods at the factory gate, climbed 4.2 percent from a year earlier.

This March 15, 2022 file photo shows fruits on display at a supermarket in Changchun, in China’s northeastern Jilin province. XINHUA PHOTO

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