China’s consumer prices pick up more than expected in July, up by 0.5%

China’s consumer prices pick up more than expected in July, up by 0.5%


China’s retail sales grew by 2% in June from a year ago. Data for July is due out Thurs. Aug. 15. Pictured here is a shopping mall in Beijing on Aug. 7, 2024.

Pedro Pardo | Afp | Getty Images

BEIJING — China’s consumer prices rose by a more-than-expected 0.5% in July from a year ago, according to data from the National Bureau of Statistics released Friday.

Analysts polled by Reuters had expected a slight pickup in the consumer price index to 0.3% in July from a year ago, versus 0.2% in June.

The producer price index for July fell by 0.8% from a year ago. That was slightly less than the 0.9% forecast decline, and unchanged from June’s 0.8% drop.

China on Wednesday reported imports rose by a stronger-than-expected 7.2% in July from a year ago, while exports missed forecasts with 7% growth.

Exports have otherwise been a bright spot amid slower economic growth.

Retail sales grew by a muted 2% in June from a year ago. Authorities have since expanded a trade-in program in an effort to boost consumer purchases of cars, home appliances and certain other products.

China is due to report retail sales, industrial production and other data for July on Thursday.

This is breaking news. Please check back for updates.



Source

Charlize Theron is choosing to be single, she told ‘Call Her Daddy’: That can be ‘a sign of strength,’ says relationship expert
World

Charlize Theron is choosing to be single, she told ‘Call Her Daddy’: That can be ‘a sign of strength,’ says relationship expert

Oscar-winning actress Charlize Theron has had her share of romantic relationships. Among the most famous were her relationships with Third Eye Blind frontman Stephan Jenkins and actor Sean Penn. But these days, the mother of two is choosing to be single, she recently told Alex Cooper on podcast “Call Her Daddy.” For her, building her […]

Read More
The ‘cortisol cocktail’ has gone viral on TikTok—but can it actually reduce stress? Here’s what doctors say
World

The ‘cortisol cocktail’ has gone viral on TikTok—but can it actually reduce stress? Here’s what doctors say

Let’s face it: Americans are stressed. Google searches for “how to reduce stress” are high, and 77% of U.S. adults report that the country’s future is a major source of stress, according to a survey done by the American Psychological Association. So, it’s no surprise that people are looking for ways to better manage their […]

Read More
Happiness researcher shares his ’90-second rule’ to live a better, more fulfilled life—it helps when you’re angry or upset
World

Happiness researcher shares his ’90-second rule’ to live a better, more fulfilled life—it helps when you’re angry or upset

Mo Gawdat’s son, Ali, was 21 years old when he died due to medical negligence during a routine appendix surgery in 2014. Gawdat was devastated, confused and in a palpable state of shock. Then, 17 days later, he started writing a book on how to be happy, in his son’s honor. Gawdat has researched the […]

Read More