China – Aug consumer price index
10/09/2019 11:20 am MYT
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The consumer price index (CPI) in Aug rose 0.7%, month-on-month, and 2.8%, year-on-year – see table 1. Food prices jumped 3.2%, month-on-month, and 10.0%, year-on-year. Non-food prices rose 0.1%, month-on-month, and 1.1%, year-on-year. Excluding food and energy, the CPI rose 0.1%, month-on-month, and 1.5%, year-on-year. This shows that the underlying inflation trend remains mild.

 

The ex-factory producer price index (PPI), a leading indicator of the CPI, fell 0.8%, year-on-year, in Aug – see figure 1.

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The haze is back. According to the Department of Environment’s Air Pollutant Index (API), the API readings have reached unhealthy levels in many parts of Malaysia; some have even reached “very unhealthy” levels. This health hazard has plagued Malaysia, Indonesia, and Singapore for decades. Although forest fires caused by extreme dry weather play a part in the problem, the habit of Indonesian farmers using fire to clear land has been the main culprit. While the Amazon rainforest fires have caught global attention and the Brazilian government was under heavy criticism from the global community, the Indonesian government has received much kinder treatments from her neighbours and indiffercne from the global community. Apart from apologising, the Indonesian government really needs to put a stop to this perennial health and safety hazards that have been affecting millions of people.

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