Consumer prices in China returned to positive territory in August as declines in producer prices slowed, data showed on Saturday, as deflationary pressures eased amid signs of economic stabilization.
The consumer price index (CPI) rose 0.1% in August from a year earlier, China’s National Bureau of Statistics said, slower than the median estimate of a 0.2% increase in a Chinese survey.
In July the consumer price index fell by 0.3% compared to the previous year.
The producer price index (PPI) fell 3.0% from a year earlier – in line with expectations – after a 4.4% decline in July.
In recent weeks the government has launched a series of support measures to stimulate economic growth and ward off deflationary pressures.
Source: Terra
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