China's producer prices slowed in August as domestic demand eased, signaling a continued slowdown in growth for the world's second-largest economy, where it faces growing risks over expectations of a trade dispute with the United States. On the other hand, consumer prices rose more than expected during August.
The producer price index rose by 4.1% in August from a year earlier, after rising by 4.6% in July. On a yearly basis, CPI rose by 2.3% in August, its fastest pace since February and better than expected at 2.2% after rising by 2.1% in July.
China has set inflation target of 3 percent in 2018, the same as last year.
China's economy slowed slightly to 6.7 percent in the second quarter of this year, despite growing concerns over a sharp slowdown in recent months amid strained trade relations with the United States.
