China CPI Inflation In July At 3.3%; China PPI Inflation In July At 4.8%

August 11th, 2010 by Belisarius

China Consumer Price Index was up 3.3% in July, right at the consensus. June reading was at  2.9%. China Producer Price Index was up 4.8% in July vs. 6.0% consensus and 6.4% June reading.

All of the consumer price increase came from food. PPI eased a bit on weaker dollar and lower commodity prices.

Consumer inflation could start to erode real purchasing power.

Chart 1. Producer & Consumer Price Indexes

Source: Bloomberg

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