Mainland emerges from high street deflation
Mainland consumer prices returned to positive territory in August while factory-gate price declines slowed, data showed on Saturday, as deflation pressures ease amid signs of stabilisation in the economy. The consumer price index (CPI) rose 0.1 percent in August from a year earlier, the National Bureau of Statistics said, slower than the median estimate for a 0.2 percent increase in a Reuters poll. CPI fell 0.3 percent in July. Core inflation, which excludes food and fuel prices, was unchanged at 0.8 percent in August. The producer price index (PPI) fell 3.0 percent from a year earlier, in line with expectations, after a drop of 4.4 percent in July. (Reuters)