China's consumer prices rose faster than expected in July, while producer deflation continued, as Beijing increased support for its struggling consumer sector amidst a slow economic recovery. The nation's consumer price index (CPI) increased by 0.5% year-on-year in July, compared to a 0.2% rise in June, according to the National Bureau of Statistics (NBS). This figure surpassed the 0.3% rise anticipated by economists in a Reuters poll.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.