China July inflation cools to 1.8% y-o-y, matching forecasts

[BEIJING] China's consumer inflation eased to 1.8 per cent year-on-year in July, meeting market expectations.

Analysts polled by Reuters predicted the consumer price index (CPI) would rise 1.8 per cent, compared with 1.9 per cent posted the prior month.

Producer prices fell 1.7 per cent for the month, the National Bureau of Statistics said on Tuesday, compared with the previous month's fall of 2.6 per cent.

The market had expected producer prices to fall 2 per cent on-year.

REUTERS