China’s consumer prices fell more than expected in August, amid growing calls on Beijing to boost measures supporting weak domestic demand and mitigate the impact of slowing export growth.
Data from the National Bureau of Statistics showed that the Consumer Price Index (CPI) dropped 0.4% year-on-year. The core inflation index (excluding food and energy) rose 0.9% year-on-year, reaching its highest level since February 2024, with notable increases in household appliance prices by 4.6% and clothing by 1.9%.
Meanwhile, the Producer Price Index (PPI) fell 2.9% in August year-on-year, in line with analysts’ expectations, while remaining stable month-on-month.
