BUSINESS NEWS
July 2019 producer prices PPI and consumer price index CPI
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A vendor packages seafood for a customer at a stall in Qingdao in China’s eastern Shandong province on October 16, 2018.
AFP | Getty Images
China’s July food prices jumped 9.1% from a year ago, data from the National Bureau of Statistics showed on Friday.
That was sharper than the 1.3% rise in prices for non-food items in July.
In June, food prices rose 8.3% from a year ago.
China has been battling soaring pork prices as its hog herd has been hit by African swine fever in recent months.
Overall, China’s Consumer Price Index (CPI) rose 2.8% from a year ago in July, slightly higher than the 2.7% analysts in a Reuters poll had expected.
China’s Producer Price Index (PPI) fell 0.3% in July from a year ago, compared to the 0.1% decline analysts in the Reuters poll had expected.
This is breaking news. Please check back for update.
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