According to the National Bureau of Statistics, China’s consumer price index climbed 2.6% year-over-year in August, in line with market expectations.
CPI was mainly pushed up by food prices, which account for nearly one-third of the weighting in the gauge. CPI increased 2.7% in July.
Meanwhile, producer price index fell 1.6%, compared with a 2.3% fall the previous month.
PPI has been down for five consecutive months in China.
