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China July CPI Expected At 0.2%

CHINA PRESS

China’s consumer prices are expected to have increased 0.2% y/y in July, as high temperatures tightened food supply and raised inflation, according to Wu Chaoming, deputy director at Caixin Research Institute. Stronger tourism and services demand and a reduction in pork supply will support CPI, Wu added. Authorities should boost demand using transfer payments to low-income groups and issue consumer vouchers to address weak inflation, said Mingming, chief economist at CITIC Securities.

MNI Beijing Bureau | lewis.porylo@marketnews.com

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