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Inflation in China grows 2.7% year-on-year in July

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Beijing, Aug 10 (EFE) .- The National Statistics Office (NSO) reported Monday that China's consumer price index (CPI), the main inflation indicator, increased 2.7 percent year-on-year in July, compared to 2.5 percent the previous month.The figure is slightly higher than expected by analysts, who had forecast an increase in inflation of around 2.6 percent for June.The institution also disclosed Monday that the producer price index (PPI), which measures wholesale inflation, fell 2.4 percent year-on-year in July after the 3 percent year-on-year drop registered in June.(Camera: ROMAN PILIPEY)FOOTAGE SHOWS STORES IN BEIJING, CHINA.

Added on the 10/08/2020 14:00:00 - Copyright : EFE Inglés

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