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Home›Global Markets›China›China wholesale inflation beats estimates in August as…

China wholesale inflation beats estimates in August as costs rise

CNBC notes the pickup is linked more to base effects and higher commodity costs than a broad strengthening in household demand.

Reported · Written up by our desk · China

China’s wholesale inflation rose in August, coming in above estimates, according to CNBC Markets.

The outlet said much of the projected increase reflects a favorable base-effect comparison and higher commodity costs.

CNBC added that the data does not necessarily point to a genuine strengthening in household demand, even as consumer price growth remains around forecast.

A separate CNBC World writeup reiterated the same interpretation of the August wholesale inflation drivers.

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Sources

CNBC MarketsChina's wholesale inflation tops estimates in August on commodity costs, tech demand as consumer price increases meet forecast
CNBC WorldChina's wholesale inflation tops estimates in August on commodity costs, tech demand as consumer price increases meet forecast

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