China's consumer prices rose 0.5% year-on-year in July, exceeding forecasted 0.3% increase.

China's consumer prices rose 0.5% year-on-year in July, higher than expected, with the CPI surpassing the forecasted 0.3% increase as Beijing supports its weakening consumer sector amid slow economic recovery. However, producer deflation persisted, with the PPI falling 0.8% year-on-year, the same as in June. Weak domestic demand and rising trade tensions challenge both domestic and export-led recoveries.

August 09, 2024
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