China’s consumer prices rose faster than expected in July, according to official data, easing concerns over persistent deflation in the world’s second-largest economy.
The country’s consumer price index added 0.5 per cent last month year on year, the National Bureau of Statistics said on Friday, beating forecasts of a 0.3 per cent rise from economists polled by Reuters.
The rise was the biggest since February, when prices added 0.7 per cent, and outpaced 0.2 per cent growth in June.
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