China’s August CPI Rises Amid Extreme Weather, PPI Drops Sharply
China’s August CPI rises by 0.6% amid extreme weather, while PPI drops sharply by 1.8%, reflecting challenges in market demand and commodity prices.
CPI
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US consumer inflation eased to 2.9% in July, the smallest annual rise since March 2021, signaling positive progress for the Federal Reserve.
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Chinese mainland’s consumer price index rose by 0.5% year-on-year in July, driven by seasonal factors, rebounding from June’s decline. Producer price index remains unchanged.
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China’s consumer price index rose by 0.5% year on year in July, indicating steady inflation as reported by the National Bureau of Statistics.
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June CPI in the Chinese mainland rose 0.2% year-over-year, with core CPI steady at 0.6%. Producer Price Index (PPI) decline narrows, indicating controlled inflation.
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