China inflation recovers in August

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Sharecast News | 11 Sep, 2023

China's consumer inflation recovered in August after dropping into negative territory the previous month, according to official data published on Saturday.

Consumer prices in the world’s second-largest economy rose 0.1% on an annualised basis, compared with forecasts of a 0.2% increase.

Core inflation, which excludes volatile food and energy prices, was up by 0.8%.

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