China's factory deflation eases in August

Beijing

CHINA'S factory-gate deflation eased to the least in four years while consumer prices remain muted, giving policymakers fresh evidence that the price outlook is stabilising along with demand.

Producer-price index (PPI) improved for an eighth straight month, falling 0.8 per cent in August from a year earlier, the National Bureau of Statistics (NBS) said on Friday, less than the 0.9 per cent drop projected by economists in a Bloomberg survey.

Consumer-price index (CPI) rose 1.3 per cent, trailing estimates for a 1.7 per cent rise. And the CPI gauge for foo…