Logo 09 Aug 2023

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China’s stats bureau released inflation data for July on Wednesday.
The headlines:

The consumer price index (CPI) fell 0.3% y/y in July, down from 0% y/y growth in June.
The producer price index (PPI) fell 4.4% y/y in July, compared with the 5.4% y/y decline in June.

The simultaneous drop in both ...