China July CPI Inflation At 6.5%; PPI Inflation At 7.5%
(For July 2011)
China Consumer Price Index was up 6.5% in July, vs. 6.4% consensus and 6.4% June reading. Food inflation jumped 14.8%, up from June’s 14.4%. The government’s target for the year was at 4%.
China Producer Price Index was up 7.5% vs. 7.5% consensus and 7.1% June reading. This suggests rising CPI.
Difficult position for China, the economy is slowing down and inflation is rising.
