Arab Today, arab today china consumer inflation rises to 16 in july
Last Updated : GMT 01:27:57
Arab Today, arab today
Arab Today, arab today

China consumer inflation rises to 1.6% in July

Arab Today, arab today

Arab Today, arab today China consumer inflation rises to 1.6% in July

China's economic growth hit
Beijing - AFP

Consumer inflation in China rose to 1.6 percent in July, the government said Sunday, as downward pressure on prices eased further in the world's second-largest economy.

The reading for the consumer price index (CPI), a main gauge of inflation released by the National Bureau of Statistics (NBS), was higher than June's 1.4 percent.

Moderate inflation can be a boon to consumption as it pushes consumers to buy before prices go up, while falling prices encourage shoppers to delay purchases and companies to put off investment, both of which can hurt economic growth.

Slowing economic growth and declines in commodity prices have helped keep China's consumer inflation in check, with some analysts raising the prospect of looming deflation given weakness in other price yardsticks.

The producer price index -- a measure of costs for goods at the factory gate and a leading indicator of the trend for CPI -- declined 5.4 percent in July, the NBS said, compared with a 4.8 percent retreat in June, and marking the 41st consecutive monthly fall.

The CPI figure compared with the median estimate of 1.5 percent in a survey of economists by Bloomberg News.

In July, food prices, normally the key driver for Chinese inflation, rose 0.7 percent year-on-year, the NBS said.

The survey collects prices from more than 63,000 outlets including grocery stores, supermarkets, shopping malls and agricultural trade markets across 500 cities and counties in the country, the NBS says.

CPI touched 0.8 percent in January -- its lowest in more than five years -- but rebounded to 1.5 percent in April.

China's economic growth hit a 24-year low last year, expanding 7.4 percent amid a steady slowdown from years of double-digit expansions.

Growth in gross domestic product (GDP) has slowed further this year, expanding 7.0 percent in each of the first two quarters.

While authorities say that weaker growth is welcome as it fits in with their plan to shift the country's economic model away from investment and towards consumer spending, they are on guard that expansion does not decelerate too sharply.

The central People's Bank of China (PBoC) has cut benchmark interest rates four times since November and has also loosened requirements for how much cash banks must keep on their books in a bid to boost lending and stimulate growth.

The PBoC has also seen the measures as tools to fight deflation risks.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china consumer inflation rises to 16 in july Arab Today, arab today china consumer inflation rises to 16 in july

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday