China annual inflation up 2.3%

By AFP

The country's consumer price index — a main gauge of inflation — also rose by 2. 3 per cent in the first seven months of the year from the same period in 2013, the National Bureau of Statistics said in a statement.

China's annual inflation rose 2. 3 per cent in July, official data says, remaining stable from the previous month's result.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Moderate inflation can be a boon to consumption as it encourages consumers to buy before prices go up, while falling prices encourage shoppers to delay purchases and companies to put off investment, both of which can weigh on growth.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

Overall food prices drove inflation, rising 3. 6 per cent from the same month last year, according to the NBS data.

Read more here: Business Spectator

    

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