China consumer prices edge up to six-month high in August

China consumer prices edge up to six-month high in August …C0NTINUE READING HERE >>>

At the end of 2023 China plunged into deflation for four months.
Photo: ADEK BERRY / AFP/File
Source: AFP

Chinese consumer inflation ticked up slightly in August to a six-month high, official data showed Monday, but the reading missed expectations and did little to soothe worries about sluggish spending in the world’s number two economy.

Leaders in Beijing have been seeking to boost domestic activity as property sector woes and trade frictions weigh on confidence.

The consumer price…

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