China's producer inflation eases in July, below expectations 09-Aug 09:52

China's producer prices rose for a fifth ​straight month in July ‌but at a slower pace, while consumer-price inflation also cooled, ​official data showed ​Sunday, as global energy prices ⁠retreated despite U.S.-Iran tensions.

​The producer price index climbed 3.5% ​from a year earlier, National Bureau of Statistics data showed, easing ​from 4.1% in June ​and below forecasts for a 3.8% increase in ‌a ⁠Reuters poll.

The consumer price index (CPI) increased 0.5% from a year earlier, after gaining 1% ​in June. ​Economists ⁠polled by Reuters had expected a 0.8% ​rise.

On a monthly ​basis, ⁠CPI fell 0.1%, compared with an expected 0.2% gain and ⁠a ​0.3% dip in ​June.