China's consumer prices quicken in August, PPI stuck in deflation

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The story "China&#039;s consumer prices quicken in August, PPI stuck in deflation" was covered 5 hours ago by The Star, a news publisher based in Malaysia.

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The Star 5h ago

China's consumer prices quicken in August, PPI stuck in deflation - The Star

Quick Summary:

BEIJING: China's consumer prices accelerated in August to the fastest pace in half a year due to the higher costs of food from weather disruptions, while producer price deflation worsened, as Beijing maintained efforts to reinvigorate domestic demand.

Extreme weather this summer from deadly floods to scorching heat has pushed up farm produce prices, contributing to faster inflation.

A sputtering start in the second half is mounting pressure on the world's second-largest economy to roll out more policies amid a prolonged housing downturn, persistent joblessness, debt woes and rising trade tensions.