China's factory deflation eases in August

Consumer prices inch up 1.3%; producer-price index improves for an eighth straight month

Sat, Sep 10, 2016 - 5:50 AM

CHEAPER FOOD: The National Bureau of Statistics says the slower increase in consumer prices in August was mainly due to food prices, which rose 1.3 per cent, the least since January 2015.

PHOTO: AFP

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...