($CNY) Chinese consumer and producer prices cooled in August from a three-year high in July, with softening inflationary pressures possibly giving Chinese policy makers more room to manoeuver.
Food prices were the biggest factor underpinning the August inflation figures, which were slightly above forecasts.
The August consumer price index came in 6.2% higher than a year earlier, easing from July’s three-year-high inflation rate of 6.5%. The result was just above a 6.1% expectation tipped by a Dow Jones Newswires survey and matched a 6.2% forecast from a Reuters survey.
The PPI rose 7.3% from the year-earlier period, above the 7.1% Dow Jones Newswires forecast and 7.2% Reuters estimate, but slower than July’s 7.5% rise. -MarketWatch
Food prices were the biggest factor underpinning the August inflation figures, which were slightly above forecasts.
The August consumer price index came in 6.2% higher than a year earlier, easing from July’s three-year-high inflation rate of 6.5%. The result was just above a 6.1% expectation tipped by a Dow Jones Newswires survey and matched a 6.2% forecast from a Reuters survey.
The PPI rose 7.3% from the year-earlier period, above the 7.1% Dow Jones Newswires forecast and 7.2% Reuters estimate, but slower than July’s 7.5% rise. -MarketWatch
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