Consumer price inflation in China rose 2.7 per cent in July from a year earlier, the same pace as in June and still well below the 3.5 per cent upper annual limit targeted by Beijing at the start of the year.
Meanwhile, producer prices remained in deflationary territory for the 17th consecutive month, falling 2.3 per cent in July from a year earlier, compared with a 2.7 per cent drop in June.
The latest figures will add weight to calls from some economists and officials for China to cut interest rates to help boost slowing growth in the world’s second-largest economy.
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