Mild price rises im­ply mon­e­tary sta­bil­ity

China Daily (Canada) - - FRONT PAGE - By XIN ZHIMING and WANG YAN­FEI in Bei­jing

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China’s con­sumer price in­fla­tion re­mained mild in July while pro­ducer prices rose mod­er­ately, pro­vid­ing a boost to the in­dus­trial sec­tor. An­a­lysts said the coun­try may keep its mon­e­tary pol­icy sta­ble given the ex­pected sta­ble price trends this year.

The con­sumer price in­dex growth stood at 1.4 per­cent in July from a year ear­lier, com­pared with 1.5 per­cent in June, the Na­tional Bureau of Sta­tis­tics said on Wed­nes­day.

China’s CPI has re­mained at or be­low 2.5 per­cent since the start of 2016, well be­low its an­nual CPI growth tar­get of 3 per­cent. “China’s con­sumer price in­fla­tion this year will be sig­nif­i­cantly lower than that of last year (which was 2 per­cent),” said Yan Ling, an an­a­lyst at China Mer­chants Se­cu­ri­ties. “The low level of in­fla­tion will not have a ma­jor im­pact on the coun­try’s mon­e­tary pol­icy.”

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