China and Japan report rising inflation in August economic data

inflation CPI PPI China economy Japan economy

Economic data from China and Japan show varying inflationary trends for August.

In China, the Consumer Price Index (CPI) rose 0.8% year-on-year, up from 0.5% in July. This increase was largely driven by rising energy and food prices, including a 7.2% monthly rise in gasoline. The Producer Price Index (PPI) also saw improvement, rising 3.8% year-on-year, marking six consecutive months of growth. While core CPI rose to 1.0%, food prices like pork saw a year-on-year decline of 11.8%, suggesting that domestic demand remains relatively soft despite rising upstream costs in energy and raw materials.

In Japan, the Producer Price Index (PPI) rose 7.6% year-on-year in August, exceeding market expectations. This marks the third consecutive month that the index has remained above 7%. The surge is attributed to high costs for petroleum, coal, and information communication equipment, alongside a 24.8% rise in import prices due to a weak yen. These persistent inflationary pressures have increased market expectations for a potential interest rate hike by the Bank of Japan during its upcoming monetary policy meeting.

Entities

Bank of Japan · China · Japan · National Bureau of Statistics of China

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] China's August Producer Price Index (PPI) rose 3.8% year-on-year. www.caus.com · bmcnews.com.br · www.chinesepress.com
[● 2 SOURCES] Japan's import price index rose 24.8% year-on-year in August. www.eeo.com.cn · news.cnyes.com
[● 2 SOURCES] China's pork prices fell 11.8% year-on-year in August. www.caus.com · bmcnews.com.br
[● 3 SOURCES] China's core CPI reached 1.0% year-on-year in August. www.caus.com · bmcnews.com.br · www.chinesepress.com
[● 2 SOURCES] Japan's August Producer Price Index (PPI) rose 7.6% year-on-year. www.eeo.com.cn · news.cnyes.com
[● 3 SOURCES] China's August Consumer Price Index (CPI) rose 0.8% year-on-year. www.caus.com · bmcnews.com.br · www.chinesepress.com