China's consumer price inflation unexpectedly slowed in August and factory gate inflation hit an 18-month low, providing space for the central bank to ease its monetary policy to support the struggling economy.
Consumer price inflation eased to 2.5 percent in August from 2.7 percent in July, data released by the National Bureau of Statistics showed Friday. The rate was forecast to rise slightly to 2.8 percent.
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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.