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China July factory-gate inflation eases to 3-month low, CPI slows
Producer prices rose 3.5% in July, while consumer inflation slowed to 0.5%, signaling fading cost pressures and weak domestic demand, the NBS said.
- On Sunday, official data showed China's producer price inflation slowed to 3.5% in July, while consumer inflation eased to 0.5% as weak domestic demand persisted.
- Retreating global energy prices drove the cooling inflation, though price trends remain uncertain amid the US-Israel war against Iran and tensions in the Strait of Hormuz.
- The core consumer price index eased to 0.9% and food prices fell 1.5%, reflecting persistent deflationary pressures across the economy.
- ANZ strategist Zhaopeng Xing said lower oil prices and weakening demand caused figures to miss expectations, with fiscal spending effects likely felt with a lag.
- The Politburo signaled stronger fiscal spending in late July to boost domestic demand, though economists expect inflation to follow an M-shaped trajectory this year.
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The prices of industrial production sold by manufacturers increased by 11.5 percent in July compared to July last year, and excluding oil products - by 4.3 percent, the State Data Agency announced on Tuesday.
·Vilnius, Lithuania
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Producer prices in China fell more than expected in July, reaching the lowest level in three months, while consumer inflation also moderated, according to official data released this Sunday, as global energy prices retreated, despite the U.S. and Israel's war against Iran. Exclusive material for subscribers. To have full access, access the link of the subject and register.
·Rio de Janeiro, Brazil
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Total News Sources46
Leaning Left4Leaning Right14Center6Last UpdatedBias Distribution58% Right
Bias Distribution
- 58% of the sources lean Right
58% Right
L 17%
C 25%
R 58%
Factuality
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