Inflation in China slows down to a 5-month minimum - annual consumer prices rose by 0.8% in August
China's annual consumer price index (CPI) rose by 0.8% in August. Experts predicted an increase of 1% (the previous month's level). The monthly inflation rate increased by 0.1%. At the same time, prices for food products surged by 0.8% compared to July, for non-food products - fell by 0.1%.
The annual core inflation in China is 1.2%.
The target for annual inflation for 2021 is set at 3% versus 3.5% in 2020.Annual Producer Price Index (PPI) increased by 9.5% in August against 9.0% a month earlier.
Full nameMinistry of Finance of the People’s Republic of China