China’s Consumer Prices Creep Out of Deflation in August

(Bloomberg) — China’s deflationary pressures eased slightly in August as consumer prices rose and producer price declines moderated, adding to signs that the worst may be over for some parts of the world’s second-biggest economy.

The consumer price index rose 0.1% last month from a year earlier, the National Bureau of Statistics said Saturday. The increase followed July’s drop of 0.3% — the first decline in more than two years. Core inflation, which strips out volatile food and energy costs, climbed 0.8%.