China's consumer prices rise in August

By Reuters

Sep 10, 2024 12:15 am

BEIJING — China's consumer inflation accelerated in August to the fastest pace in half a year, but the uptick was due more to higher food costs from weather disruptions than a recovery in domestic demand as producer price deflation worsened.

A sputtering start in the second half is mounting pressure on the world's second-largest economy to roll out more policies amid a prolonged housing downturn, persistent joblessness, debt woes and rising trade tensions.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Business seeks details on COP29 climate message

Chinese startups suffer on IPO freeze

Trump Treasury pick to prioritize tax cuts

Closing arguments coming in Google antitrust trial

US plans to reduce Intel's federal grant

Trump mass deportation may hurt US economy

US consumers seek 'Black Friday' bargains