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China’s CPI beats estimates with 1.0% YoY in July, AUD/USD tests 0.7350
According to China’s National Statistics Bureau (NBS), the country’s annualized Consumer Price Index (CPI) came in at 1.0% in July, outpacing expectations of 0.8% while rising from June’s reading of 1.1%. The monthly CPI figures jumped to 0.3% YoY in July when compared to 0.2% expectations and -0.4% recorded previously. China’s Producer Price Index (PPI) arrived at 9.0% YoY in July vs. 8.8% expected and 8.8% previous.
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#China's #pork prices fell 43.5% y/y in July, accelerating by 7 percentage points from the previous month, said National Bureau of Statistics.
— YUAN TALKS (@YuanTalks) August 9, 2021
China's #food prices fell 3.7% y/y, 2 percentage points faster than June, it said.https://t.co/vVS0O9qEIi https://t.co/zYP4S72Ndb
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China inflation: factory-gate prices rose in July, higher than expected
Factory-gate price inflation in China remained high in July, data released on Monday showed. The producer price index (PPI), which reflects the prices that factories charge wholesalers for their products, rose by rose per cent in July from a year earlier, 9 from a gain of 8.8 per cent in June the National Bureau of Statistics (NBS) said. This was above expectations, as a Bloomberg survey of analysts had predicted a rise of 8.6 per cent. chart China’s official consumer price index (CPI), meanwhile, rose by 1 per cent in July from a year earlier, down from 1.1 per cent in June, the NBS said. China’s consumer ... (full story)