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Update: Consumer Inflation Edges Up in July

A shopper buys eggs at a supermarket in Shijiazhaung, the capital of Hebei province, on Aug. 9. Photo: VCG
A shopper buys eggs at a supermarket in Shijiazhaung, the capital of Hebei province, on Aug. 9. Photo: VCG

*The consumer price index rose 2.1% in July, faster than June’s 1.9% and a median forecast of 2% by a Bloomberg News poll of economists

*Analysts were divided on where inflation is going in China, with some arguing a slowing economy will pose downward pressure, while others argued that tariffs on U.S. imports will drive inflation up

(Beijing) — Consumer prices in China rose at a faster pace in July due to larger increases in food and fuel prices, while factory inflation slipped, official data showed Thursday.

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