A customer checks on an item with a saleswoman at a store in Beijing on Sept. 1.Reuters
China’s inflationary pressures appeared comparatively moderate last month, as its consumer price index rose an annualized 2.6 percent in August, compared with 2.7 percent in July and its producer price index fell an annualized -1.6 percent in August, compared with -2.3 percent in July.
Month-over-month, consumer prices climbed 0.5 percent, according to the National Bureau of Statistics of China data released in Beijing Monday at 9:30 a.m. local time (Sunday at 9:30 p.m. EDT) and reported by Reuters via CNBC.
Economists polled by Reuters had anticipated China’s CPI would rise 2.6 percent in August versus 2.7 percent in July and its PPI would fall -1.8 percent in August versus -2.3 percent in July.
