MNI DATA IMPACT: China August PPI Dips Further, CPI Stable

     BEIJING (MNI) - China CPI rose in August, hitting an 18-month peak of 2.8%

-- despite PPI falling further and across more industry sectors, data released

Tuesday showed.

     Here are some points from the data released by the National Bureau of

Statistics:

     --The year-over-year CPI gain was mainly due to higher food prices, which

rose 10.0% y/y. The price of pork continued to accelerate, up by 46.7% y/y from

July's 27.0% gain. 

     --CPI accelerated by 0.7% on a monthly basis, compared with July's 0.4%

growth, marking the fastest growth in the last six months. The rise was in part

due to factors related to the coming Mid-Autumn Festival, the bureau said.

     - PPI dipped further to -0.8% y/y from July's 0.3% drop, hitting the lowest

level since August 2016. PPI fell 0.1% on a monthly basis, compared with a 0.2%

m/m decline in July.

--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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