China: Inflation decreases in August
Consumer prices rose 0.4% over the previous month in August, following July’s 0.6% increase. The print reflected higher prices for the food, tobacco and alcohol category.
Inflation fell from July’s 2.7% to 2.4% in August. The print matched the result that market analysts had expected. Annual average inflation remained stable at July’s 3.7% in August.
Annual producer prices (PPI), meanwhile, fell 2.0% year-on-year in August. The print was below the 2.4% drop in July and broadly in line with the 1.9% decrease that market analysts had expected.