REPEAT: China CPI, PPI for July

--Fixes formatting

     BEIJING (MNI) - China Consumer Price Index (CPI) and Producer Price Index

(PPI) data released Wednesday by the National Bureau of Statistics: 

                         CPI           PPI

------------------------------------------

July                     1.4           5.5

Forecast Median          1.6           5.6

Previous                 1.5           5.5

     All figures year-over-year % change unless otherwise indicated

     FACTORS:

                             Jul          Jun

---------------------------------------------

CPI m/m                      0.1         -0.2

Food price y/y              -1.1         -1.2

Non-food price y/y           2.0          2.2

PPI m/m                      0.2         -0.2

     CONSUMER PRICE INDEX

     The Consumer Price Index rose 1.4% year over year in July compared with a

1.5% rise in June. The July result was below a MNI survey median forecast for a

1.6% rise.

     Food prices fell 1.1% y/y in July -- the sixth consecutive decline

following a 1.2% y/y drop in June. 

     Nonfood prices rose 2.0% year over year in July compared with a 2.2% rate

posted in June. 

     The CPI rose 0.1% m/m last month after a 0.2% drop in June. It is the first

rebound after three consecutive months of fall. 

     PRODUCER PRICE INDEX

     The Producer Price Index rose 5.5% year over year in July compared with a

MNI survey median forecast of 5.6% and matching June's rate. July is the 11th

consecutive month the PPI rate has been in positive territory since it exited

negative territory in September 2016.

     On a month-over-month basis the PPI rose 0.2% in July compared with a 0.2%

drop the month before. July witnessed the PPI's first positive growth after four

consecutive months of month-over-month falls. 

--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com

[TOPICS: MTABLE,MAQDS$,M$A$$$,M$Q$$$,MT$$$$]