China inflation data: accelerating consumer prices, falling producer prices

China’s CPI inflation accelerated in August, although only a slight increase was observed compared to July. In contrast, producer price index inflation fell at the fastest pace in four months. According to data released by the National Bureau of Statistics on Monday, the consumer price index, the main measure of inflation, rose 0.6% year-on-year, above the forecast of 0.6% and slightly higher than the 0.5% increase in July. On a monthly basis, inflation was 0.4%, a slight deviation from the 0.5% expected and the 0.5% recorded in July.