China's CPI up 0.6% in August
China DailyChina's consumer prices continued to rise in August amid a sustained recovery of domestic demand, while declines in producer prices indicated more time needed for market sentiment to get fully restored. The consumer price index, a main gauge of inflation, was up 0.6 percent year-on-year last month, quickening from the 0.5 percent increase in July, the National Bureau of Statistics said in a statement. NBS data also showed China's producer price index, which measures costs for goods at the factory gate, went down 1.8 percent year-on-year in August, bigger than a 0.8 percent year-on-year dip registered in July. Analysts believe the consumer and producer prices in August point to warming domestic demand, while also calling for more to further improve market expectations.