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China's National Bureau of Statistics announced Tuesday that the consumer price index (CPI) rose 2.8% year-on-year in August, higher than the 2.6% median estimated by Reuters poll, consistent with last month. Among them, food prices rose by 10% and non-food prices by 1.1%.
The data also showed that industrial producer factory price index (PPI) fell 0.8% in August from a year earlier, the biggest decline since August 2016 (which was also down 0.8%) and the median forecast of Reuters survey fell 0.9%. PPI fell 0.3% last month, the first negative in three years.
CPI rose 0.7% in August, the median forecast in Reuters'survey was 0.5% higher, and PPI fell 0.1%.
Details of August data are as follows:
Median Value Estimation Interval of Indicator August Actual Value Estimation Last Month in the same period of last year
Consumer Price Index (CPI) (year-on-year,%) 2.8 2.6 2.3-3.4 2.8 2.3
Industrial producer factory price index (PPI) (year-on-year,%) - 0.8-0.9-1.2-1.2-0.34.1

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