更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 10 September 2025 | 11:03AM HKT China: PPI deflation eased in August, while CPI inflation turned negative on food deflation Bottom line: China's headline CPI fell to -0.4% yoy in August from 0.0% yoy in July, as food deflation deepened. Core CPI inflation edged up as non-food goods prices (such as household items) and services prices picked up. Headline PPI inflation rose to -2.9% yoy in August from -3.6% yoy in July, as year-over-year price declines in the upstream sectors less ...