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China's Consumer and Producer Prices Accelerate in August
- China's consumer price index rose 0.8% year-on-year in August, up from 0.5% in July, matching market expectations, according to the National Bureau of Statistics.
- The producer price index increased 3.8% year-on-year in August, accelerating from 3.5% in July and exceeding forecasts, as reported by the National Bureau of Statistics.
- Rising energy costs, which increased 4.1% year-on-year, were the primary cause for the uptick in consumer inflation, while food prices fell 1.4%.
- China's economy expanded 4.3% in the second quarter, marking its weakest pace in over three years.
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15 Articles
15 Articles
China's CPI rose 0.8% year-on-year in August, while its PPI rose 3.8%. This was driven by rising prices of crude oil and non-ferrous metals, but domestic demand remains sluggish. In addition to the real estate slump, the issue of income distribution, as pointed out by Lang Xianping, that "total wages account for 8% of GDP," is also a factor.
Coverage Details
Total News Sources15
Leaning Left3Leaning Right2Center0Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
R 40%
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