China's consumer prices declined in August and producer prices continued to drop, the National Bureau of Statistics said Wednesday.
The consumer price index dropped 0.4 percent from a year ago after remaining flat in July. Prices were expected to fall 0.2 percent.
On a monthly basis, the CPI remained flat, while prices were forecast to edge up 0.1 percent.
Another data showed that producer prices dropped at a slower pace of 2.9 percent from a year ago in August, slower than the 3.6 percent decrease in July. The pace of decline matched expectations.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.