Business News Asia
Consumer prices in China rose more slowly than expected in August amid the heat wave and rising COVID-19 cases. Inflation also slowed on the producer side.
China’s consumer price index (CPI) rose 2.5% in August from a year earlier, easing from a 2.7% increase in July, according to the National Bureau of Statistics (NBS).
The producer price index (PPI) rose 2.3% in August from a year earlier. This is the lowest rate since February 2021 and a slowdown after a 4.2% increase in July.