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on september 14, the state council information office held a press conference to introduce the national economic operation in august 2024.

liu aihua, spokesperson, chief economist and director of the department of comprehensive statistics of the national economy of the national bureau of statistics, said that judging from the cpi data in august, affected by factors such as high temperature and rainy weather, the national cpi showed a seasonal increase on a month-on-month basis, and the year-on-year growth rate expanded compared with the previous month.

liu aihua, spokesperson, chief economist and director of the national bureau of statistics' comprehensive statistics department (photo: teng han, the paper)

month-on-month, cpi rose by 0.4%, down 0.1 percentage point from the previous month. among them, food prices rose by 3.4%, affecting the cpi by about 0.6 percentage points month-on-month; non-food prices fell by 0.3%, affecting the cpi by about 0.24 percentage points month-on-month. among food items, mainly affected by the high temperature in summer and local heavy rainfall, the prices of fresh vegetables, fresh mushrooms, fresh fruits and eggs rose, affecting the cpi by 0.49 percentage points month-on-month; pork prices rose by 7.3%, affecting the cpi by 0.1 percentage points month-on-month. among non-food items, mainly affected by the fluctuations in international oil prices, domestic gasoline prices fell by 3%; affected by the decline in demand for travel as school starts, air ticket prices fell by 5.1% month-on-month, and tourism prices fell by 0.7% month-on-month.