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":3,"featured_media":215313,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[117710,28031,9710,64,74,79960,13325,45551,13324,79954,79964,79,79959,266,117709,17909,79957,67,132,68],"class_list":{"0":"post-215312","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-food-prices","21":"tag-inflation","22":"tag-involution","23":"tag-national-bureau-of-statistics","24":"tag-producer-price-index","25":"tag-united-states","26":"tag-unitedstates","27":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115179655260981683","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/215312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=215312"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/215312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/215313"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=215312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=215312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=215312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}