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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Noticias ao MinutoInflation in China slowed to 0.5% in June, the third consecutive month of deceleration and a value below the analysts' forecasts, show official data released today. The consumer price index (CPI), the main indicator of inflation in China, increased 0.5% in homologous terms in July, according to official data published today by China's National Bureau of Statistics (GNE), a value below what was expected by analysts, which predicted a less pronoun…
Inflation in China decelerated in July, more than expected, to 0.5% over a year, according to official data published on Sunday. The price index...
According to economists, weak domestic demand has pushed down inflation, and the rise in producer prices has also declined.
The consumer price index (CPI) in China increased by 0.5% year-on-year in July, representing a 0.5 percentage point lower rate.
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