The consumer price index (CPI) in the Chinese mainland, a key indicator of inflation, rose by 0.5 percent year-on-year in July, according to the latest data released by the National Bureau of Statistics (NBS) on Friday.
On a month-to-month basis, the CPI also increased by 0.5 percent in July. This uptick is largely attributed to seasonal factors, including the summer vacation period and varying weather conditions. This marks a rebound from the 0.2-percent decline observed in June.
While the CPI shows a steady rise, the producer price index (PPI) remained unchanged during the same period, indicating stable costs at the production level.
These figures suggest a mixed economic landscape in the Chinese mainland, with consumer prices on the rise while producer prices hold steady. Understanding these trends is crucial for businesses and investors monitoring the region's economic health.
Reference(s):
cgtn.com
