Special Coverage: China Biz & Economic Statistics Related readings:  CPI and PPI fall, but deflation threat eases  China July CPI down 1.8% on year, PPI down 8.2%  China's June CPI falls 1.7%, PPI down 7.8%  China PPI down 7.2% in May year on year

China's producer price index (PPI), a major measurement of inflation at the wholesale level, fell 7.9 percent from a year earlier in August, the National Bureau of Statistics announced Friday.

The rate of decline was 0.3 percentage points lower than that in July. In August 2008, the PPI rose 10.1 percent over the same month in 2007.