China's inflation accelerates; PPI falls at slower pace
10.08.2020, 06:00

China's inflation accelerates; PPI falls at slower pace

RTTNews reports that China's consumer price inflation accelerated in July on higher food costs as regional flooding disrupted transportation, and the decline in factory gate prices slowed further reflecting the recovery in economic activity, official data showed Monday.

Inflation rose to 2.7 percent in July from 2.5 percent in June, the National Bureau of Statistics reported. The rate was marginally above economists' forecast of 2.6 percent.

Food prices advanced 13.2 percent annually as pork prices surged 85.7 percent amid supply disruptions. Food price inflation increased from 11.1 percent in June.

Meanwhile, non-food prices remained flat versus June's 0.3 percent rise.

Core inflation, which excludes food and energy prices, slowed to 0.5 percent from 0.9 percent in June.

On a monthly basis, consumer prices climbed 0.6 percent, offsetting a 0.1 percent drop in June. Economists had forecast a monthly increase of 0.4 percent.

Amid higher commodity prices, producer prices declined at a slower pace of 2.4 percent annually in July, after posting a 3 percent decrease in June, another report from NBS showed. Prices were expected to fall 2.5 percent.

Month-on-month, producer prices were down 2.4 percent in July.

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location