A pick-up in China`s inflation during August was due mainly to short-term pressures and the headline consumer price index and producer price index levels will remain within a reasonable range, the country`s state planner said on Friday.
China`s producer price inflation accelerated to a four-month high in August while consumer inflation reached a seven-month high, both at a faster-than-expected pace. But analysts have said that price gains still remain modest and there is little pressure on the central bank to tighten policy further.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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