BEIJING (Reuters) -China’s consumer prices were unchanged in July while producer deflation persisted, as consumer and business morale took a hit from weak domestic demand and trade uncertainty.
The consumer price index was 0.0% last month versus a year earlier, compared with a 0.1% rise in June, National Bureau of Statistics data showed on Saturday, beating a Reuters poll forecast for a 0.1% slide.
The CPI edged up 0.4% month-on-month, against a 0.1% drop in June and above an expected 0.3% rise.
A 3.6% decline in the producer price index in July on year missed economists’ forecast of a 3.3% slide. It fell 3.6% in June too.
(Reporting by Qiaoyi Li, Ellen Zhang and Ryan Woo; Editing by Himani Sarkar)
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