China posts 1.8% rise in CPI

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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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Thu, 09 Aug 2012 08:18:15 GMT

Oil gains as China's inflation eases

Crude gained 0.3% in New York after a report showed China's inflation eased for a fourth consecutive month, leaving more room to weaken a growth downturn in the world's second-major oil consumer. On Thursday, September-delivery futures rose 0.2% to $93.53 per barrel, after falling 0.1% earlier.

Thu, 09 Aug 2012 16:58:15 GMT

Germany's exports and imports tumbled in June

According to the Federal Statistics Office, German's exports and imports tumbled in June by 1.5% and 3%, respectively, from the previous month.  The total value of exports is at 92.3bn euro level, while the value of imports is 76.1bn euros. Despite worsened fundamentals, the exports to other countries, which are outside of the Eurozone, soared 20% from a year earlier.

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