China’s consumer price index climbed 2.6% in August from a year earlier, leaving room for the government to introduce stimulus measures, AFP reported, citing National Bureau of Statistic (NBS) data. The reading was slightly lower than July’s 2.7%. The producer price index fell 1.6% year-on-year in August, up from a 2.3% decrease in July and the highest reading in six months, NBS data showed. The inflation figures followed a string of data in recent weeks indicating that the Chinese economy, a key driver of global growth, is showing signs of rebounding following a downtrend in the first half of the year.
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