China’s consumer price index (CPI), which measures changes in prices of a select basket of consumer goods and services, rose 2.4% year-on-year in August, compared to a 2.7% increase the previous month, official data showed Wednesday.
The core CPI — which excludes more-volatile food and energy prices and may better reflect long-term inflation trends — was up by 0.5% year-on-year last month, according to data from the National Bureau of Statistics.
The producer price index (PPI), which gauges changes in prices of goods circulated among manufacturers and mining companies, dropped 2.0% year-on-year in August, compared to a 2.4% dip the previous month.
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