Asia: China's inflation picks up in August – energy prices drive producer prices
The geopolitical tensions and the resulting high energy prices are putting increasing pressure on Chinese consumers. Consumer prices are rising.
China's price inflation accelerated in August, driven by high energy prices caused by delivery risks and sea traffic disruptions related to the Middle East conflict. The producer price index rose 3.8% year-on-year, up from 3.5% in July, and 0.4% from the previous month. Consumer prices increased 0.8% from a year ago, matching expectations, and 0.4% from July. Food prices fell 1.4% year-on-year, while other goods prices rose 1.2%.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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