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China consumer, producer inflation to remain at reasonable levels: state planner

Reuters  |  BEIJING 

(Reuters) - A pick-up in China's 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 accelerated to a four-month high in August while consumer 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.

(Reporting by Yawen Chen and Kevin Yao; monitoring desk; Editing by Jacqueline Wong)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 15 2017. 08:24 IST