BAKU, Azerbaijan, September 19. China's
producer prices for industrial products rose 3.8% year-on-year in
August, exceeding consumer price growth of 0.8% by 3 percentage
points, according to Trend's calculations based on NBS data.
The bureau's release, titled in part "producer prices for
industrial products grew faster year on year," showed the consumer
price index (CPI) rose 0.8% year-on-year in August, 0.3 percentage
points faster than in July, while producer prices climbed 3.8%
year-on-year, also 0.3 percentage points faster than the previous
month. Purchasing prices for industrial producers rose 5.8%
year-on-year over the same period.
According to Trend's calculations, subtracting the CPI's 0.8%
annual increase from the 3.8% rise in producer prices puts the gap
between factory-gate and consumer price inflation at 3 percentage
points in August, indicating different price dynamics at the
producer and consumer levels.
Core CPI, which excludes food and energy prices, rose 1%
year-on-year, running 0.2 percentage points above the headline CPI
figure. According to Trend's calculations, this difference reflects the
impact of lower prices in several food components: pork prices fell
11.8% year-on-year, fresh vegetable prices dropped 2.8%, grain
prices fell 0.6% and fresh fruit prices declined 0.5%.
Housing costs fell 0.3% year-on-year in August, while
transportation and communication prices rose 2.5%, medical services
and health care costs increased 2.7%, and prices for other articles
and services rose 7.3%. In the first eight months of 2026, the CPI
rose 0.9% year-on-year, while producer prices and purchasing prices
for industrial producers rose 2% and 3.2% respectively over the
same period.
