China Consumer Inflation Cools to 0.5% Annual Rate in July

Monthly prices fell 0.1% as producer inflation slowed to 3.5%, marking the lowest annual consumer price increase in six months according to a single publisher.

China’s consumer price index rose 0.5% year on year in July, the lowest annual increase recorded in six months [1]. That is a large number; here is what makes it a small one. The monthly reading for July declined by 0.1%, indicating that the positive annual headline currently rests on base effects from earlier in the year rather than fresh upward momentum in domestic pricing [4]. This dataset was published August 9 by Ekonomim and has not yet been corroborated by a second source or an official statistical bureau release in the available record.

Carried by 3 publishers across 3 articles; the full record rides under the article.

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