Consumer prices in China rose more than expected in July, according to official data published on Friday.
The country’s consumer price index rose 0.5 per cent year on year, beating forecasts of a 0.3 per cent rise from economists polled by Reuters.
Consumer price growth has frequently entered deflationary territory in the past year, adding to concerns over the strength of consumer demand in the world’s second-largest economy.
Pork prices, a major component of China’s consumer goods basket, leapt 20 per cent in July, helping to boost overall prices.
Producer prices, a measure of goods as they leave factory gates, declined 0.8 per cent from the same period last year.
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