FOREX TradingCharts.com

Financial News: China's Inflation At 6-Month High; PPI Inflation Slows

China's Inflation At 6-Month High; PPI Inflation Slows

09/10/2018 - 02:24:00 (RTTNews)

(RTTNews) - China's inflation accelerated to a 6-month high in August, while producer price inflation eased reflecting soft domestic demand, official data showed Monday.

Inflation accelerated to 2.3 percent in August from 2.1 percent in July, the National Bureau of Statistics reported. Inflation was expected to remain at 2.1 percent.

Nonetheless, inflation remains well below the government's full year-target of around 3 percent.

During January to August, consumer prices advanced 2 percent from the same period of last year.

Food prices advanced 1. 7 percent and non-food prices climbed 2.5 percent in August.

Monthly consumer price inflation increased to a 6-month high of 0.7 percent from 0.3 percent a month ago.

Another report from NBS showed that producer price inflation eased to 4.1 percent in August from 4.6 percent in July. However, the rate was slightly above the expected 4 percent.

Month-on-month, producer prices climbed 0.4 percent after gaining 0.1 percent in July. This was the fourth consecutive rise in prices.

Data released over the weekend revealed that China's trade surplus with the U.S. hit a record $31.1 billion in August despite trade disputes.

China's exports climbed 9.8 percent annually, while imports surged 20 percent in dollar terms. Economists had forecast 9.3 percent rise in exports and 18.7 percent increase in imports.

Consequently, the overall trade surplus fell to $27.9 billion in August, below the forecast of $31 billion.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


SECO Raises Swiss GDP Growth Outlook (41 min(s), 39 sec(s) ago)
(RTTNews) - The Swiss federal government's expert group raised its growth outlook for 2018 but ...Full Story»

Europe's Passenger Car Registrations Increase: ACEA (01 hr(s), 23 min(s), 39 sec(s) ago)
(RTTNews) - Europe's passenger car registrations increased at faster rates in July and August, ...Full Story»

Australia Westpac Leading Index Signals Slowing Growth Momentum (02 hr(s), 04 min(s), 39 sec(s) ago)
(RTTNews) - Australia's leading index signaled a slowing growth momentum into the second half ...Full Story»

European Economics Preview: UK Inflation Data Due (02 hr(s), 32 min(s), 39 sec(s) ago)
(RTTNews) - Consumer and producer prices from the UK and current account from euro area are due on ...Full Story»

Malaysia's Inflation Eases More Than Forecast (02 hr(s), 56 min(s), 39 sec(s) ago)
(RTTNews) - Malaysia's inflation eased more-than-expected in August on fuel cost, figures from ...Full Story»

BoJ Maintains Monetary Stimulus (03 hr(s), 19 min(s), 39 sec(s) ago)
(RTTNews) - The Bank of Japan kept its ultra-loose monetary policy unchanged, as widely expected, ...Full Story»

Japan Has Y444.594 Billion Trade Shortfall (33 min(s), 21 sec(s) ago)
(RTTNews) - Japan posted a 444.594 billion yen trade deficit in August, the Ministry of Finance sa ...Full Story»

New Zealand Q2 Current Account Deficit NZ$2.7 Billion (33 min(s), 21 sec(s) ago)
(RTTNews) - New Zealand's seasonally adjusted current account deficit fell to NZ$2.7 billion f ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

SECO Raises Swiss GDP Growth Outlook

09/19/2018 - 03:00 AM (RTTNews)
(RTTNews) - The Swiss federal government's expert group raised its growth outlook for 2018 but ...Full Story>>

Europe's Passenger Car Registrations Increase: ACEA

09/19/2018 - 02:18 AM (RTTNews)
(RTTNews) - Europe's passenger car registrations increased at faster rates in July and August, ...Full Story>>

Australia Westpac Leading Index Signals Slowing Growth Momentum

09/19/2018 - 01:37 AM (RTTNews)
(RTTNews) - Australia's leading index signaled a slowing growth momentum into the second half ...Full Story>>

European Economics Preview: UK Inflation Data Due

09/19/2018 - 01:09 AM (RTTNews)
(RTTNews) - Consumer and producer prices from the UK and current account from euro area are due on ...Full Story>>

Malaysia's Inflation Eases More Than Forecast

09/19/2018 - 00:45 AM (RTTNews)
(RTTNews) - Malaysia's inflation eased more-than-expected in August on fuel cost, figures from ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.