Friday, 12 September 2014

Inflation eases in China, steady in Germany

A report on Thursday showed that inflation in China eased to 2.0 percent in August from 2.3 percent in July.

Overall food prices drove inflation, rising 3.0 per cent from a year ago. Fresh fruit and eggs in particular saw double-digit price increases.

Another report on Thursday showed that China's producer price index fell 1.2 percent in August from a year ago, more than the 0.9 percent decline in July.

Meanwhile, a report from Germany showed that inflation there held steady at 0.8 percent in August, its lowest level since February 2010.

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