China consumer inflation eased in August, while price pressure on manufacturing sector also improved

China’s consumer inflation rate eased in August, while downward price pressure on manufacturing sector following the impact of the coronavirus also improved, data released on Wednesday showed.The consumer price index (CPI) for August was 2.4 per cent, improving from a 2.7 per cent gain in July, and in-line with the 2.4 per cent gain expected by analysts.August’s producer price index (PPI), reflecting the prices that factories charge wholesalers for their products, fell 2.0 per cent year on year…

from South China Morning Post https://www.scmp.com/economy/china-economy/article/3100776/china-inflation-eased-august-while-price-pressure