National Bureau of Statistics: Core CPI continues to rise, while the decline in industrial producer prices narrows.

In August, the national resident consumer price decreased by 0.4% year on year and remained flat month on month. By category, the prices of food, tobacco and alcohol decreased by 2.5% year on year, clothing prices rose by 1.8%, housing prices rose by 0.1%, prices of household goods and services rose by 1.8%, transportation and communication prices fell by 2.4%, education, culture and entertainment prices rose by 1.0%, medical care prices rose by 0.9%, and prices of other goods and services rose by 8.6%. In terms of food, tobacco, and alcohol prices, pork prices fell by 16.1%, fresh vegetable prices fell by 15.2%, fresh fruit prices fell by 3.7%, and grain prices fell by 0.8%. Excluding food and energy prices, the core CPI rose by 0.9% year on year, an increase of 0.1 percentage points from the previous month. From January to August, the national resident consumer price decreased by 0.1% year on year. In August, the national industrial producer price fell by 2.9% year on year, a decrease of 0.7 percentage points from the previous month, and remained flat month on month; the national industrial producer purchase price fell by 4.0% year on year, a decrease of 0.5 percentage points, and remained flat month on month. From January to August, the national industrial producer price and purchase price fell by 2.9% and 3.3% year on year respectively. Overall, in August, macroeconomic policies were coordinated, the overall operation of the national economy was stable, the transformation and upgrading continued steadily, and new achievements in high-quality development were made. However, it is important to note that there are many uncertainties and instabilities in the external environment, and China's economy still faces many risks and challenges. In the next stage, we must adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, adhere to the general principle of seeking progress while maintaining stability in our work, fully implement the new development concept, accelerate the formation of a new development pattern, implement various macroeconomic policies in a comprehensive and accurate manner, focus on stabilizing employment, enterprises, markets, and expectations, deepen reform, opening up and innovation, stimulate the vitality of various market entities, and promote stable and healthy economic development.