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.)
{{#Source}}{{Source}}{{/Source}}{{#IsBlog}}
{{Disclaimer}}
{{/Disclaimer}}