Hey fam, here's the lowdown on July's price scene in the Chinese mainland! The consumer price index (CPI) stayed unchanged compared to last year, holding at 0%. But month-on-month, prices climbed 0.4%, bouncing back from June's 0.1% dip. 📊
Diving deeper, the core CPI – which strips out food and energy – jumped 0.8%. It's the third straight month of uptick, showing that everyday essentials beyond fuel and groceries are getting pricier.
Meanwhile, the producer price index (PPI) eased off, thanks to seasonal slowdowns in sectors like manufacturing and construction. This dip often pops up around this time of year as factories reset and raw materials take a breather.
So, what's the vibe for us tech-savvy trendsetters? With consumer prices holding steady year-on-year, your subscription services and gadget upgrades might stay wallet-friendly for now. But keep an eye on that core CPI climb – it hints at gradual pressure on non-energy costs.
Stay tuned for more easy-to-digest economic updates to help you level up your money game! 🚀
Reference(s):
China's CPI remains flat in July, PPI declines on seasonal factors
cgtn.com
