China’s CPI beats estimates with 1.0% YoY in July, AUD/USD tests 0.7350

According to China’s National Statistics Bureau (NBS), the country’s annualized Consumer Price Index (CPI) came in at 1.0% in July, outpacing expectations of 0.8% while rising from June’s reading of 1.1%.

The monthly CPI figures jumped to 0.3% YoY in July when compared to 0.2% expectations and -0.4% recorded previously.

China’s Producer Price Index (PPI) arrived at 9.0% YoY in July vs. 8.8% expected and 8.8% previous.

more to come ....