Logo 11 Sep 2023

Cold comfort

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China’s stats bureau released inflation data for August on Saturday.
The headlines:

The consumer price index (CPI) rose 0.1% y/y in August, up from a 0.3% y/y decline in July.
The producer price index (PPI) fell 3.0% y/y in August, compared with a 4.4% decline in July.

ICYDK: Producer and consumer...