Inflation data dump
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China’s stats bureau released the inflation data for July on Monday.
The headlines:
The consumer price index (CPI) rose 1.0% y/y in July, down from a 1.1% y/y increase in June.
The producer price index (PPI) rose 9.0% y/y in July, versus an 8.8% y/y expansion in June.
Beijing has not yet tamed the...