China Consumer Inflation Rises, Factory-Gate Prices Continue to Fall

China’s consumer inflation rose more than expected last month but the data didn’t paint a strong enough picture to dispel concerns about weak demand in the world’s second-largest economy, the Wall Street Journal reported. The country’s consumer-price index rose for a sixth consecutive month in July, ticking up 0.5% from a year earlier and marking a five-month high, the National Bureau of Statistics said Friday. One-off factors like weather disruptions to food supply pushed up prices, plumping up the headline reading, economists say.
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