China’s factory-gate inflation eased further in July, consumer inflation accelerated driven by food prices
STOCKS
China’s factory-gate inflation eased further in July, consumer inflation accelerated driven by food prices
STOCKS

China’s factory-gate inflation eased further in July, consumer inflation accelerated driven by food prices

 

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China’s Producer Price Index (PPI) grew by 4.2% in July from a year earlier, according to the National Bureau of Statistics, compared to expected 4.7%, and 6.1% growth in the previous month.

China’s PPI fell 1.3% in July from the previous month, compared to zero change in June, showed the data.

Due to multiple international and domestic factors, China’s PPI extended a downtrend, posting a month-on-month decline and the year-on-year growth slowed further, said the NBS.

China’s Consumer Price Index (CPI) grew 2.7% in July from a year earlier, according to the NBS, compared to expected 2.9%, and 2.5% growth in the previous month.

China’s CPI grew by 0.5% in July from the month before, showed the data, compared to zero growth in June, and expected 0.5% growth.

Driven by rising prices of food such as pork and vegetables as well as seasonal factors, China’s CPI posted positive month-on-month growth in July and the year-on-year growth accelerated, said the NBS.