China's July inflation eases as Iran-war spillover fades
TL;DR Summary
China's July CPI rose 0.5% year-on-year, the slowest pace since January, helped by slower gasoline-price gains, while producer prices climbed 3.5% YoY, easing from 4.1%. Month-on-month, CPI fell 0.1%. Domestic demand remains weak as PMIs show softer momentum and retail sales edged up 1% in June after May decline, with fixed-asset investment down 5.7% in H1. GDP growth in Q2 was 4.3%, below the official target. Exports jumped about 24% in July, and oil/chemical components drove the PPI as oil prices retreat from earlier highs. Authorities signaled more fiscal spending but stopped short of a major stimulus.
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- China Producer Prices Rise Less than Expected TradingView
- China Inflation Cools More Than Expected in July WSJ
- China’s July CPI slips 0.1% month-on-month, missing forecasts and signalling softer inflation VT Markets
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