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

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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