China CPI Up 2.7% In July


In July, China’s the consumer price index (CPI) went up 2.7% year-on-year, according to the National Bureau of Statistics.

Prices grew by 2.6% in cities and 2.9% in rural areas. Food prices went up by 5%, while non-food prices increased by 1.6%.

From January to July this year, the average overall consumer prices rose 2.4% compared with a year ago.

In July, Producer Price Index (PPI) for manufactured goods declined 2.3% year-on-year. On a month-to-month basis, PPI decreased 0.3%.

In the first seven months, PPI decreased 2.2% year-on-year. The purchasing price index for manufactured goods dropped by 2.3% year-on-year.

The total value added of the industrial enterprises above designated size in July was up by 9.7% year-on-year.

In the first seven months, the total value added of the industrial enterprises above designated size was up by 9.4%.

From January to July this year, investment in fixed assets (excluding rural households) reached RMB22.2 trillion yuan, up 20.1% year-on-year in nominal terms.

 

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