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China's August PPI down 5.9%, CPI up 2%
八月份CPI继续上涨
Data released on Thursday by the National Bureau of Statistics shows China's producer prices continued to fall in August, pointing to a looming deflation risk.
The producer price index or PPI, a measure of costs for goods at the factory gate, fell 5.9 percent year-on-year in August, widening from the 5.4-percent drop seen a month earlier.
The figure represents the deepest decline since the end of 2009, and marked the 42th-straight month of decline.
Meanwhile, China's consumer price index or CPI, a main gauge of inflation, was up 2 percent from a year ago in August.
The figure beats market forecasts in July of 1.9 percent and 1.6 percent. And on a monthly basis, consumer prices in August rose 0.5 percent.
