The industrial producer price index (PPI) climbed 1.8% year-on-year in August, following a 1.4% increase in July.

The annual price growth in the electricity, gas, steam, and air conditioning segments remained strong in August, despite easing from 46% to 45%.

Prices in the utility sector alone grew 11.7% from last year, while those in the manufacturing sector dropped 2.2%.

Excluding energy, industrial producer prices edged down 0.1%, in contrast to a 0.4% rise in July.

On a monthly basis, producer prices moved up 0.2% in August, versus an expected increase of 0.1%.