8月CPI同比增长0.8%,较前值下降0.2pct,翘尾因素约为0.2pct,新涨价因素约为0.6pct,核心CPI同比1.2%,涨幅比上月回落0.1pct。PPI同比增长9.5%,较前值上升0.5pct,翘尾因素约为1.8pct,新涨价因素约为7.7pct,生产资料价格上涨12.7%,涨幅扩大0.7pct,拉动PPI同比增长9.44pct,生活资料价格上涨0.3%,与上月持平,拉动PPI同比增长0.07pct。预计CPI将持续低位震荡,PPI短期将高位震荡,年底逐渐回落。