According to rttnews, consumer prices in China were up just 1.3 percent on year in August, the National Bureau of Statistics said on Friday.

That was beneath expectations for 1.7 percent and down from 1.8 percent in July.

On a monthly basis, consumer prices were up 0.1 percent after gaining 0.2 percent a month earlier.

Producer prices were down an annual 0.8 percent versus expectations for a fall of 0.9 percent after sliding 1.7 percent in the previous month.