China's annual consumer price inflation cooled slightly to 6.2 per cent in August from July's three-year high, raising expectations that the central bank will hold off on further policy tightening amid worries about a global economic slowdown.
The consumer price index rose 0.3 per cent in August from the previous month, after a 0.5 per cent rise in July. The figure is not seasonally adjusted.
Giving a more detailed breakdown of the index, the bureau said food prices rose 13.4 per cent in the year to August, with non-food prices up 3.0 per cent.
In month-on-month terms, food prices rose 0.6 per cent, while non-food prices were up 0.2 per cent.
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The producer price index rose 7.3 per cent in the year to August and was up 0.1 from July.
Reuters
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