China PPI accelerates to 3.8% in August, CPI up, on Iran war energy costs

China's producer price index rose 3.8% y/y in August, beating consensus of 3.6% and accelerating from July's 3.5%, while consumer inflation also picked up. The move is attributed to volatile energy and commodity costs linked to the US-Israel war on Iran, signaling imported inflation pressure. This suggests potential upward pressure on Chinese inflation and may influence PBOC policy stance.