China’s CPI Rises 2.6% In August


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.

 

RELATED NEWS



LEAVE A REPLY