0.8%: China’s CPI inflation rises in August
China’s Consumer Price Index (CPI) climbed 0.8% in August from a year ago after arriving at a rise of 0.5% in Juuly, the National Bureau of Statistics of China reported on Wednesday. The market consensus was for 0.8% in the reported period.
China's Consumer Price Index (CPI) rose by 0.8% in August from a year earlier, marking a solid increase from the 0.5% growth seen in July, according to the National Bureau of Statistics of China. The market expected a rise of 0.8% for the period. In terms of monthly inflation, China's CPI came in at 0.4% in August, up from a decline of 0.1% in the previous month, outpacing the forecasted 0.3% increase.
The Producer Price Index (PPI) in China surged 3.8% year-on-year in August, surpassing analysts' expectations of a 3.7% increase, after rising 3.5% in July.
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Also reported by 3 other outlets
- Forex Today: China’s inflation looms as Lagarde tees up ECB decision fxstreet.com
- Rising energy costs lift China's producer, consumer inflation in August nst.com.my
- China's wholesale inflation tops estimates in August on commodity costs, tech demand as consumer price increases meet forecast cnbc.com
