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China's Consumer Inflation Picks Up in August, Matching Forecasts

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China's annual consumer inflation accelerated to 0.8% in August, according to data from the National Bureau of Statistics (NBS) on Wednesday.

The reading was in line with the consensus forecast of 0.8% tracked by Investing.com, and compared with the six-month low of 0.5% recorded in July.

Food prices fell 1.4% year over year in August, while non-food prices rose 1.2%. Consumer goods prices increased 0.8%, while service prices also climbed 0.8%.

On a month-on-month basis, the CPI rose 0.4%, rebounding from a three-month streak of declines.

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