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China's National Bureau of Statistics reports a rebound in both consumer and producer price inflation for August.

The National Bureau of Statistics reported that China's producer price index increased by 3.8% in August, exceeding economist forecasts of 3.6%. This figure represents an acceleration from the 3.5% growth recorded in July. The rebound in factory-gate prices was largely driven by rising international prices for crude oil and non-ferrous metals, as well as seasonal food price gains and increased demand in high-tech industries. Simultaneously, the consumer price index rose 0.8% year-on-year in August, improving upon the 0.5% gain seen in July. Core CPI, which excludes volatile food and energy prices, climbed 1% in August from 0.9% in July. Dong Lijuan, a senior statistician at the National Bureau of Statistics, attributed the inflation rebound to volatile global commodity prices and rising demand in high-tech industries. The data indicates that while global commodity costs and high-tech demand cushioned the domestic economy, household demand remained soft as the effects of previous consumption-boosting measures began to fade.

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