China's annual rate of consumer inflation ticked up to 2.0 per cent in August from July's 30-month low of 1.8 per cent, official data showed on Sunday, suggesting that room to ease monetary policy to shore up growth may be narrowing.
Economists polled by Reuters had forecast inflation to pick up to 2.0 per cent in August.
Month on month, however, inflation was a touch ahead of forecasts, up 0.6 per cent in August versus July. Analysts had anticipated a rise of 0.5 per cent. Food inflation was up 3.4 per cent on a year ago while non-food prices rose 1.4 per cent.
via Business feed http://www.scmp.com/business/economy/article/1032744/china-august-inflation-2-cent-narrows-room-ease
No comments:
Post a Comment