Hey fam! The Chinese mainland’s consumer price index (CPI) – your go-to gauge for inflation – stayed flat year-on-year in July, the National Bureau of Statistics (NBS) reported Saturday. 🚀
So, what’s CPI anyway? Think of it as the price tag on a basket of everyday stuff: chai, movie tickets, ride-hailing trips, and even the latest gadget. A 0% change means prices didn’t climb, giving your wallet a breather.
In a world where groceries, café lattes, and online shopping deals seem to get pricier by the week, a flat CPI is a win for young adults budgeting in cities from Mumbai to Manila. It hints at balanced supply and demand, but remember, wages, global trends, and other costs still matter.
Keep an eye on August’s report, but for now, enjoy steady prices and score those summer steals! 🛍️
Reference(s):
cgtn.com
