China's Consumer Prices Rise in August, PPI Stuck in Deflation

September 09, 2024, 11.26 AM
China's Consumer Prices Rise in August, PPI Stuck in Deflation

ILUSTRASI. China's consumer inflation accelerated in August to the fastest pace in half a year.

Source: ReutersEditor: Wahyu T.Rahmawati

INFLATION - BEIJING. China's consumer inflation accelerated in August to the fastest pace in half a year but the uptick was due more to higher food costs from weather disruptions than a recovery in domestic demand as producer price deflation worsened.

A sputtering start in the second half is mounting pressure on the world's second-largest economy to roll out more policies amid a prolonged housing downturn, persistent joblessness, debt woes and rising trade tensions.

Thanks for reading Kontan English.
Please create account or log in.

Only Rp5,000 to continue reading.

BUY NOW!
Latest News