Mainland CPI unchanged amid producer deflation
Consumer prices however edged up 0.4 percent on a month-on-month basis. File photo: Reuters
The mainland's consumer price index (CPI), a main gauge of inflation, remained unchanged from a year ago in July, data from the National Bureau of Statistics showed on Saturday.
The producer price index (PPI), which measures costs for goods at the factory gate, went down 3.6 percent.
On a month-on-month basis, the CPI edged up 0.4 percent, against a 0.1 percent drop in June and above an expected 0.3 rise.
The 3.6 percent decline in the PPI missed economists' forecast of a 3.3 percent slide. It fell 3.6 percent in June too. (Xinhua/Reuters)
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Mainland CPI unchanged amid producer deflation Consumer prices however edged up 0.4 percent on a month-on-month basis. File photo: Reuters The mainland's consumer price index (CPI), a main gauge of inflation, remained unchanged from a year ago in July, data from the National Bureau of Statistics showed on Saturday. The producer price index (PPI), which measures costs for goods at the factory gate, went down 3.6 percent. On a month-on-month basis, the CPI edged up 0.4 percent, against a 0.1 percent drop in June and above an expected 0.3 rise. The 3.6 percent decline in the PPI missed economists' forecast of a 3.3 percent slide. It fell 3.6 percent in June too. (Xinhua/Reuters)
