Chinese Inflation Continues To Cool Off

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Chinese consumer prices climbed 1.8 percent in July, which was slightly higher than the 1.7 percent economists were expecting.  Nevertheless, this was down from 2.2 percent in June.

Producer prices fell 2.9 percent, versus expectations for 2.6 percent.

“China CPI growth is at 30 month low, but will most likely start to rise again next month,” said Bloomberg BRIEF economist Michael McDonough.

Here’s a chart breaking down historical Chinese CPI courtesy of McDonough:

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