The level of consumer prices increased by 2.3% in China according to the results of last month compared to July 2013. This is stated in the report of the State Statistical Bureau of China.
As it is noted, the price rise in July coincided with the June level, as well as with the consensus-forecast of the experts, who took part in the traditional survey by the Bloomberg agency. At the same time, the inflation rate in the country is on the mark, much lower than the target level for the current year of 3.5%. It is reported by rosbalt.ru, referring the data from "Finmarket"
Goldman Sachs economists together with Sung Yuem made the review, which stated that the statistical data on inflation for July 2014 should ease the fears of Chinese authorities and investors about the growing rate of inflation on the background of economic growth recovery.
According to official data, during the reporting period the prices rose by 2.4% China's cities, compared to the same period, recorded in July 2013, while prices in rural areas increased by 2.1% in annual terms.
The cost of food, the rate of which in the consumer price index in China occupies about 30%, also rose by 3.6% last month compared to July last year, but in June 2014 this value increased by 3.7% in annual terms.
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