China Consumer Prices Fall 0.4%

China's consumer prices declined in August and producer prices continued to drop, the National Bureau of Statistics said Wednesday.

The consumer price index dropped 0.4 percent from a year ago after remaining flat in July. Prices were expected to fall 0.2 percent.

On a monthly basis, the CPI remained flat, while prices were forecast to edge up 0.1 percent.

Another data showed that producer prices dropped at a slower pace of 2.9 percent from a year ago in August, slower than the 3.6 percent decrease in July. The pace of decline matched expectations.

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