China's consumer and producer prices accelerated slightly in August but remained subdued, official data showed on Wednesday, as the world's second-largest economy grapples with weak domestic demand.
The consumer price index (CPI), a key measure of inflation, came in at 0.8% in August, according to the National Bureau of Statistics (NBS). The figure was up from 0.5% in July and in line with a forecast from a Bloomberg survey of economists.
Beijing has battled a persistent slump in domestic spending since the end of the COVID-19 pandemic.
The CPI has remained below the current target of 2% for more than three years, slipping into negative territory several times during that period.
The sluggish activity has presented challenges to leaders aiming to maintain growth momentum, even as exports and various high-tech sectors perform strongly.
