BEIJING: China's consumer inflation held steady in July and a fall in producer prices decelerated in a new sign a slump in the world's second-largest economy might be stabilizing.
Consumer prices rose 2.7 percent in July over a year earlier, in line with June's increase and below the government's 3.5 percent target for the year, data showed on Friday. Food prices rose 5 percent.
Producer prices, or prices of goods as they left factories, fell 2.3 percent from a year earlier. But that was smaller than June's 2.7 percent decline, suggesting demand might be strengthening following a slump that has caused producer prices to decline steadily for more than a year.
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