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China's July CPI up 2.8%, PPI down 0.3%

Updated: Aug 9, 2019 Xinhua Print
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Consumers browse products at a supermarket in Guangzhou, Guangdong province, on June 20, 2018. [Photo/VCG]

China's consumer price index (CPI), a main gauge of inflation, rose 2.8 percent year-on-year in July, up from 2.7 percent in June, the National Bureau of Statistics said Friday.

Food prices grew 9.1 percent year-on-year last month, up from 8.3 percent in June, while non-food prices gained 1.3 percent, 0.1 percentage points lower than that of June.

The CPI in urban and rural areas registered a year-on-year growth of 2.7 percent and 2.9 percent, respectively.

In the first seven months, consumer prices rose 2.3 percent from a year earlier on average, the bureau said.

China's producer price index, which measures the cost of goods at the factory gate, fell 0.3 percent year-on-year in July, the NBS said.

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