- China's producer price index rose 3.5% in July from a year earlier, slowing from 4.1% in June and coming in below expectations.
- Consumer prices also decelerated, signaling that inflation pressure from the oil shock following the Iran war is easing.
Quotes
“China’s factory-gate inflation eased for the first time since the Iran war broke out in late February while consumer prices also decelerated, in another sign that cost pressures from the oil shock are starting to fade.”