August factory gate prices up 9.5%, highest in 13 years

More policy efforts to help downstream smaller businesses are likely to be in the pipeline, including boosting credit expansion and stabilizing the raw materials supply, after key price gauges pointed to the intensified cost pressure felt by these companies, experts said on Thursday.

China's producer price index, which gauges factory gate prices, rose by 9.5 percent year-on-year last month, up from 9 percent in July and marking their highest level since August 2008, the National Bureau of Statistics said on Thursday.

The consumer price index, a main gauge of inflation, grew by 0.8 percent year-on-year last month, down from 1 percent in July, the bureau said.