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China’s producer price index (PPI), which measures the cost of goods leaving the factory, rose 2.3 percent year on year in August, the State Bureau said on Friday. statistics (BES).
The figure represents a slowdown from the 4.2% year-on-year rise recorded in July. On a monthly basis, China’s PPI fell 1.2% in August.
Due to fluctuating bulk commodity prices, including international crude oil and non-ferrous metals, and weak domestic demand, prices for industrial products fell overall last month, according to Dong. Lijuan, BES Senior Statistician.
According to data released on Friday, China’s consumer price index, the main measure of inflation, rose 2.5% year on year in August.
