According to data released by the National Bureau of Statistics on Monday, China's consumer price index (CPI), a main gauge of inflation, rose 2.3 percent year on year in August, compared with 2.1 percent for July.

China's producer price index (PPI), which measures costs for goods at the factory gate, rose 4.1 percent year on year in August. The growth was down from the 4.6-percent rise in July.