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China’s Producer Price Index Falls Further into Contraction

Investing.com - China’s producer price index contracted again in August, data from the National Bureau of Statistics (NBS) showed on Tuesday.

The producer price index (PPI) dropped 0.8% in August from a year earlier. Meanwhile, the consumer price index (CPI) rose 2.8% during the month year-on-year, unchanged in July.

Both figures were slightly better than analysts had expected – the PPI was expected to decline by 0.9% while the CPI was estimated to rise by 2.7%.

Chinese stocks traded lower and underperformed their regional peers following the release of the data. The Shanghai Composite and the Shenzhen Component were down 0.4% and 0.8% respectively by 11:27 PM ET (03:27 GMT).

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