China’s consumer inflation picks up in July driven by rising food prices, factory deflation eases
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China’s consumer inflation picks up in July driven by rising food prices, factory deflation eases
STOCKS

China’s consumer inflation picks up in July driven by rising food prices, factory deflation eases

 

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China’s consumer inflation continued to edge up in July amid a faster rise in food prices, while factory deflation eased, driven by a rise in global oil prices and a rebound in industrial activities, adding to signs of recovery in the world’s second-largest economy.

The consumer price index (CPI), which measures prices of a basket of consumer goods and services, rose 2.7 per cent year-on-year  in July, accelerating from a 2.5 per cent gain in the previous month and picking up for the second straight month, data from the National . . .

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