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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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The prices of industrial production sold by manufacturers increased by 11.5 percent in July compared to July last year, and excluding oil products - by 4.3 percent, the State Data Agency announced on Tuesday.
·Vilnius, Lithuania
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PECHINO (CHINA) (XINHUA/ITALPRESS) * China's consumer price index (IPC), the main indicator of inflation, rose by 0.5% annually in July, according to official data released today. The core IPC, excluding food and energy prices, increased by 0.9% on an annual basis, according to the National Statistical Office (NBS).Influenced by international imported factors, the IPC in July decreased slightly by 0.1% on a monthly basis, according to NBS data.T…
·Rome, Italy
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Total News Sources46
Leaning Left3Leaning Right14Center7Last UpdatedBias Distribution58% Right
Bias Distribution
- 58% of the sources lean Right
58% Right
13%
C 29%
R 58%
Factuality
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