China's August inflation eases as economy recovers
BEIJING (AP) - China's inflation edged down in August as an economic recovery appeared to gain strength.
The government reported on Monday that consumer prices rose 2.6 percent, down from July's 2.7 percent. Food prices rose 4.7 percent, down from the previous month's 5 percent.
Slower price rises and signs economic activity is gaining strength will allow Chinese leaders to focus on longer-term economic reforms that they say are the ruling Communist Party's priority.
China's economic growth fell to a two-decade low of 7.5 percent in the second quarter but the latest industrial data suggest the slowdown might be leveling out.