China: Inflation inches down in July
August 9, 2017
In July, consumer prices rose 0.1% from the previous month, contrasting June’s 0.2% decrease. The reading mainly reflected increases in prices for health care and household devices.
Inflation declined slightly from June’s 1.5% to 1.4% in July, matching what market analysts had expected. Annual average inflation edged down from June’s 1.7% to 1.6% in July.
Meanwhile, producer inflation was 5.5% for the third consecutive month in July, undershooting market expectations of 5.6%. The annual average producer inflation rose from June’s 3.9% to 4.5% in July, the highest reading since March 2012.