The lone exception is Indonesia.
Otherwise, Taiwan has experienced the worst PPI decline with producer prices sliding 10% in the past 35 months.
Singapore has seen an 8.1% slide in the past 31 months, and Malaysia has registered a 6.0% PPI decline in 25 months.
Here’s a CNBC article excerpt (Aug. 20) which includes China’s PPI details:
Falling prices aren't just a European or Japanese problem; deflationary forces are starting to intensify across Asia, economists warn.
"The entrenched deflationary trend in [producer prices] has been our single biggest macro concern in Asia," said Chetan Ahya, chief economist for Morgan Stanley in Asia.
"The weakness in aggregate demand is resulting in a feedback loop where deflationary pressures are intensifying - as evident in the [producer prices] moving even further into deflation," he said.
China, which is at the heart of the region's deflation challenge, has seen 41 consecutive months of falling producer - or wholesale - prices. In July, the country's producer prices index (PPI) fell 5.4 percent from a year earlier, the worst reading since late 2009, during the aftermath of the global financial crisis...
The feeble pricing environment for producers should be taken seriously. An inability to adequately pass on costs to consumers will crimp margins for companies that are already sitting on excess capacities. If consumers follow by cutting down on consumption, growth will suffer.
"This deflationary trend is weighing on corporate revenue and profit growth in the region," Ahya said.
Corporate profit growth in Asia ex-Japan averaged 3 percent between the first quarter of 2013 and the first quarter of 2015, considerably lower than the average of over 17 percent between 2005 and 2007, before the financial crisis.
You can review the entire article by following the link below: