China’s producer price index rose 3.8% year-on-year in August, accelerating from July’s 3.5% and exceeding the 3.6% increase forecast in a Reuters poll. Consumer price inflation also strengthened, with the CPI up 0.8% annually after a 0.5% gain in July, matching expectations. On a monthly basis, consumer prices increased 0.4%, beating the 0.3% forecast and reversing July’s 0.1% decline. Official data linked elevated energy prices to supply risks and maritime disruptions associated with the Middle East conflict.