#中国8月cpi同比涨0.8%
China’s August inflation data is out.📊
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The CPI rose 0.8% year-on-year, up from July’s 0.5%.
The PPI increase is even larger: up 3.8% year-on-year, continuing its climb.
What’s pushing prices higher?🤔
Core CPI is only 1%, suggesting domestic demand hasn’t suddenly strengthened.
The driving force is external: imported costs such as energy and metals are seeping into the price system.
Export composition is also changing.🚢
Exports grew 25% in August, while imports grew 28.2%.
High-tech exports surged 42.9% year-on-year over the first eight months.
The story of AI-related capital expenditures is now making its way along the supply chain to factories in Asia.
Interestingly, oil.🛢️
A research institute under Sinopec expects that China’s oil demand may fall by 600,000 barrels per day in 2026.
With electric vehicles and electrification, the world’s largest buyer is starting to cut demand.
Supply is tightening while demand is slowing—two opposing lines pulling against each other.
📌 In August, China’s CPI rose 0.8% and PPI rose 3.8%. The price increases came from external energy costs; export composition shifted toward high-tech, while oil demand is showing a structural decline.
China’s August inflation data is out.📊
👉 加入社群领取策略
The CPI rose 0.8% year-on-year, up from July’s 0.5%.
The PPI increase is even larger: up 3.8% year-on-year, continuing its climb.
What’s pushing prices higher?🤔
Core CPI is only 1%, suggesting domestic demand hasn’t suddenly strengthened.
The driving force is external: imported costs such as energy and metals are seeping into the price system.
Export composition is also changing.🚢
Exports grew 25% in August, while imports grew 28.2%.
High-tech exports surged 42.9% year-on-year over the first eight months.
The story of AI-related capital expenditures is now making its way along the supply chain to factories in Asia.
Interestingly, oil.🛢️
A research institute under Sinopec expects that China’s oil demand may fall by 600,000 barrels per day in 2026.
With electric vehicles and electrification, the world’s largest buyer is starting to cut demand.
Supply is tightening while demand is slowing—two opposing lines pulling against each other.
📌 In August, China’s CPI rose 0.8% and PPI rose 3.8%. The price increases came from external energy costs; export composition shifted toward high-tech, while oil demand is showing a structural decline.