China CPI Inflation In August At 3.5%; China PPI Inflation In August At 4.3%
(For August 2010)
China Consumer Price Index was up 3.5% in August, right at the consensus. June reading was also at 3.5%. China Producer Price Index was up 4.3% in August vs. 4.5% consensus and 4.8% July reading.
Again, most of the consumer price increase came from food. PPI eased again on a year level, but rose on monthly level (which means no serious impact on the industrial cost structure).
Chart 1. Producer & Consumer Price Indexes
Source: Bloomberg