September 9, 2017 / 1:41 AM / 10 months ago

China's August CPI rises 1.8 pct, PPI up 6.3 pct, both above forecasts

BEIJING, Sept 9 (Reuters) - China’s consumer inflation rate accelerated more than expected to 1.8 percent in August from a year earlier, the National Bureau of Statistics said on Saturday, the first uptick in three months.

The consumer price index (CPI) had been expected to rise 1.6 percent on-year compared with an increase of 1.4 percent in July.

Producer price inflation also accelerated more than expected in August, gaining speed for the first time in six months.

The producer price index (PPI) rose 6.3 percent from 5.5 percent in July.

Analysts polled by Reuters had predicted the PPI would rise 5.6 percent in August on an annual basis. (Reporting by Beijing Monitoring Desk; Editing by Kim Coghill)

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