BEIJING, Sept. 9-- China's inflation accelerated faster than expected in August, but remained mild overall, leaving policy makers room for containing financial leverage and risks. Fresh data showed Saturday that consumer price index (CPI), a main gauge of inflation, rose to a seven-month high of 1.8 percent in August, compared with July's 1.4 percent, beating market expectations of 1.6 percent. For the first eight months of the year, CPI climbed 1.5 percent from one year earlier, according to data from the National Bureau of Statistics (NBS). The core consumer inflation, which excludes volatile food and energy prices, increased 2.2 percent year on year in August, up slightly from July's 2.1 percent. The core CPI has been holding steady at a little above 2 percent since March. |