According to recent figures released by the National Bureau of Statistics, the August CPI has increased 2.6% on a year-on-year basis. The PPI, on the other hand, has decreased 1.6% on a year-on-year basis and increased 0.1% as compared to last month. By all means, the steady CPI and moderate decline in PPI are positive developments which at the same time, are indicators of the success of the central government's "steady growth" policies. ANBOUND research team forecasts that with the impacts of “steady growth” policies gaining hold, the PPI is projected to be positive within the year.