Hey there! 📊 Fresh off the press: China’s consumer price index (CPI), a key inflation gauge, stayed exactly the same year-on-year in July, according to the National Bureau of Statistics (NBS).
On the month, though, prices ticked up 0.4%, bouncing back from a 0.1% drop in June. And if we strip out volatile food and energy costs, the core CPI jumped 0.8%—that’s the biggest rise in three months!
Meanwhile, the producer price index (PPI), which tracks costs at the factory gate, slipped. Experts point to seasonal factors as the main reason 📉.
Why should you care? Here’s the lowdown:
- Everyday costs: A flat CPI means your wallet feels roughly the same pressure as last year.
- Business outlook: A mild rise in core inflation could signal stronger demand for services and goods.
- Global markets: Investors keep a close eye on these trends to gauge growth in the Chinese mainland.
Whether you’re a student tracking global trends, an entrepreneur eyeing new markets, or just curious about how the Chinese mainland’s economy ticks—these numbers are a good signpost. Stay tuned for more updates! 🚀
Reference(s):
China's CPI remains flat in July, PPI declines on seasonal factors
cgtn.com
