China inflation rose 2.7 per cent in July, driven by higher food costs

China’s inflation rate rose 2.7 per cent in July, up from the 2.5 per cent gain in June, data released on Monday showed.The rising consumer price index (CPI) was slightly worse than the inflation rate of 2.6 per cent expected by analysts.Pressure on China’s manufacturing sector following the impact of the coronavirus pandemic, meanwhile, eased slightly in July as the producer price index (PPI), reflecting the prices that factories charge wholesalers for their products, fell 2.4 per cent year on…

from South China Morning Post https://www.scmp.com/economy/china-economy/article/3096682/china-inflation-rises-27-cent-july-driven-higher-food-costs