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皇冠体育app's August CPI falls1.2%, PPI drops 7.9%

By Si Tingting and Qiang Xiaoji (chinadaily.com.cn/Xinhua)
Updated: 2009-09-11 10:01

Related readings:  皇冠体育app July CPI down 1.8% on year, PPI down 8.2%  皇冠体育app's CPI to rise in Q4: expert  皇冠体育app Q3 GDP to up 8.5%, no inflation: think-tank  皇冠体育app advances to the 29th most competitive economy  皇冠体育app to lead world out of economic woe

皇冠体育app's consumer price index (CPI), a main gauge of inflation, dipped 1.2 percent in August from a year earlier, the National Bureau of Statistics (NBS) announced Friday.

The country's producer price index (PPI), a major measure of inflation at the wholesale level, fell 7.9 percent year-on-year in August, according to the NBS.

Both CPI and PPI showed a smaller year-on-year decrease compared with July data.

皇冠体育app's urban fixed-asset investment rose 33.0 percent in the first eight months from a year earlier to 11.30 trillion yuan ($1.65 trillion), according to the NBS.

The country's output of electricity was 334.3 billion kW-hours in August, expanding 9.3 percent from a year earlier, said the NBS.

New loans rise to 410.4 billion yuan in August

皇冠体育app's new yuan-denominated lending in August rose to 410.4 billion yuan ($60.02 billion) from July's 355.9 billion yuan, the People's Bank of 皇冠体育app, the central bank, said Friday.

The August figure brought new yuan-denominated loans in the first eight months to 8.15 trillion yuan, 5.04 trillion yuan more than the same period of last year.

The broad measure of money supply, M2, which covers cash in circulation and all deposits, rose 28.53 percent from a year earlier to 57.67 trillion yuan at the end of August.

The narrow measure of money supply, M1 (cash in circulation plus current corporate deposits), was up 27.72 percent to 20.04 trillion yuan.