Inflation Eases in China as Growth Challenges Pile Up

Inflation in China unexpectedly retreated in August, a contemporary signal of hassle on the earth’s second-largest economic system as new lockdowns in giant cities once more imperil progress.

Client costs rose 2.5% in August in contrast with a yr earlier, China’s Nationwide Bureau of Statistics mentioned Friday, down from July’s 2.7%. Economists polled by The Wall Road Journal had anticipated 2.8%.