China Aug PPI +9.5% y/y, CPI +0.8% y/y

Reuters | Beijing | Updated: 09-09-2021 07:09 IST | Created: 09-09-2021 07:09 IST
China Aug PPI +9.5% y/y, CPI +0.8% y/y
  • Country:
  • China

China's factory gate prices rose at a faster-than-expected clip in August, as commodity prices remained elevated despite Beijing's attempts to cool them.

The producer price index (PPI) rose 9.5% from a year earlier in August, the National Bureau of Statistics (NBS) said on Thursday, faster than the 9.0% increase tipped in a Reuters poll and the 9.0% reported in July.

China's consumer price index grew 0.8% from a year earlier, NBS said in a separate statement. Analysts in a Reuters poll had expected the index to inch up 1.0%, in line with the July increase.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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