BEIJING (Reuters) – Consumer prices in China rose faster in August as producer price deflation continued as Beijing continued its efforts to revive domestic demand.
According to the National Bureau of Statistics (NBS) on Monday, the consumer price index (CPI) increased by 0.6% compared to the beginning of last month, and by 0.5% in July. economists.
The CPI rose 0.4% month-on-month, compared with a 0.5% increase in July, missing the expected 0.5% gain.
The producer price index (PPI) fell 1.8% in August, worse than a 0.8% drop in the previous month, and was 1.4% below the forecast.