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China CPI inflation picks up, but misses forecast, PPI continues to shrink
Chinese consumer price index inflation picked up in August, although a mild increase from the July inflation figure, while producer price index inflation shrank at the fastest pace in 4 months. China's consumer price index, a main gauge of inflation, grew 0.6% on an annualized basis, data from the National Bureau of Statistics showed on Monday, beating expectations of 0.6% and a tick higher than 0.5% in the prior month. On a monthly basis, inflation came in at 0.4%, a modest miss from 0.5% consensus and 0.5% in the prior month. The annual inflation of 0.7% is the highest since February as Beijing tries to boost ... (full story)
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- Posted: Sep 9, 2024 12:21am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,109
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