By Kevin Yao and Joe Cash
BEIJING (Reuters) – China’s consumer prices returned to positive territory in August while factory-gate price declines slowed, data showed on Saturday, as deflation pressures ease amid signs of stabilisation in the economy.
Advertisement
But analysts say more policy support is needed to shore up consumer demand in the world’s second-biggest economy, with a labour market recovery slowing and household income expectations uncertain.
The consumer price index (CPI) rose 0.1% in August from a year earlier, the National Bureau of Statistics said, slower than the median estimate for a 0.2% increase in a Reuters poll. CPI fell 0.3% in July.
Core inflation, which excludes food and fuel prices, was unchanged at 0.8% in August.
The producer price index (PPI) fell 3.0% from a year earlier, in line with expectations, after a drop of 4.4% in July. The…
