In August this year, China's producer price index (PPI) decreased by 1.2 percent year on year and was down 0.2 percent month on month, according to data released by China's National Bureau of Statistics (NBS) on September 11. Meanwhile, in August Chinese industrial producers' purchase prices were down 1.4 percent year on year and down 0.1 percent from the previous month. In the first eight months of this year, the average producer price index (PPI) decreased by 1.6 percent, while industrial producers' purchase prices were down 1.8 percent during the given period, both year on year.
In August, the PPI for capital goods decreased by 1.7 percent year on year and was down 0.3 percent from the previous month. Specifically, in August this year the PPI for the domestic raw material industry was down 1.5 percent year on year and declined by 0.4 percent month on month, while the index for the processing industry was down 1.5 percent year on year and decreased by 0.2 percent month on month.
Meanwhile, China's consumer price index (CPI) in August witnessed a year-on-year increase of 2.0 percent, while it was up 0.2 percent month on month. The average CPI during the January-August period this year was up 2.2 percent year on year.
