China’s Annual Consumer Inflation Rate rose 2.6%

China’s annual consumer inflation rate rose 2.6 percent in August, official data showed on Monday, in line with market expectations and little changed from the previous month’s 2.7 percent rise.

The National Bureau of Statistics also said that China’s producer prices fell 1.6 percent last month from a year earlier, compared with a fall of 2.3 percent in the previous month.

Economists polled by Reuters had expected consumer inflation of 2.6 percent and factory-gate prices to fall 1.8 percent.


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