China August CPI Rises 2.0 Percent YoY

Source: National Bureau of Statistics, ChinaScope Financial (Data)

+       Data published by the National Bureau of Statistics (NBS) on September 9 shows that August CPI was up 2.0 percent year-on-year, or 0.6 percent month-on-month, in line with the market expectations.

+       The main driver was the price of food, which increased 3.4 percent year-on-year, while the non-food inflation was 1.4 percent.

+       August PPI was down 3.5 percent year-on-year, a 34-month new low.

CPI was 2.0 per cent in August, driven up by a rebound in food prices. The slight rise in the inflation rate might pose a dilemma for China’s policymakers as they are under pressure to respond to China’s slower growth.

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