China\u2019s consumer prices slipped back into decline in August, highlighting persistent deflationary pressures, while a narrower drop in factory-gate prices suggested Beijing\u2019s \u201canti-involution\u201d campaign may be starting to take hold.<\/p>\n
The national consumer price index (CPI), a key gauge of inflation, fell 0.4 per cent year on year last month, according to data released by the National Bureau of Statistics on Wednesday.<\/p>\n
The reading was worse than market expectations of a 0.2 per cent drop in a poll by financial data provider Wind. In July, the CPI remained unchanged from the same month last year.<\/p>\n
China is struggling with entrenched deflationary pressures<\/a>, as weak domestic demand and industrial oversupply weigh on prices while trade uncertainty hampers suppliers\u2019 efforts to clear their stock.Dong Lijuan, a senior statistician at the bureau, said the fall in CPI was \u201cmainly due to the high base from a year earlier\u201d and the fact that food prices<\/a> were weaker than their average seasonal level.<\/p>\n \u201cBy category, the main factor was lower food prices,\u201d she said, adding the core CPI\u2019s year-on-year increase expanded for a fourth consecutive month, thanks to the continued effect of policies aimed at boosting domestic demand.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s consumer prices slipped back into decline in August, highlighting persistent deflationary pressures, while a narrower drop in…\n","protected":false},"author":2,"featured_media":55089,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[8891,5734,1793,79,381,40034,5813,1903,5122,14625,27165,179,18,10454,19,185,36842,17,9408,5121],"class_list":{"0":"post-55088","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-anti-involution-campaign","9":"tag-august","10":"tag-beijing","11":"tag-business","12":"tag-china","13":"tag-consumer-goods-prices","14":"tag-consumer-price-index","15":"tag-consumer-prices","16":"tag-cpi","17":"tag-deflation","18":"tag-deflationary-pressures","19":"tag-economy","20":"tag-eire","21":"tag-food-prices","22":"tag-ie","23":"tag-inflation","24":"tag-involution","25":"tag-ireland","26":"tag-national-bureau-of-statistics","27":"tag-producer-price-index"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/55088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=55088"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/55088\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/55089"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=55088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=55088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=55088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}