China’s consumer inflation hit two-year high, factory-gate inflation hit 17 month low

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China’s consumer price index hit a two-year high in July as pork prices rebounded, according to official data released Wednesday.

The headline consumer price index rose by 2.7% in July from a year earlier, according to data released by the National Bureau of Statistics on Wednesday, the highest since May 2020, up from 2.5% growth in June and missing expectations for a 2.9% increase expected by analysts polled by Reuters . . .

 

 

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