China posts 1.8% rise in CPI

Source: MNI
China's CPI eased to 1.8% year-on-year in July, while PPI declined 2.9%, bigger than the expected fall of -2.5%, reported by the National Bureau of Statistics on Thursday. Food prices advanced 2.4% from July 2011 and non-food prices rose 1.5%. During the first seven month of the year the CPI climbed 3.1% year-on-year.

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