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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Aug. 9 (Xinhua) — China's consumer and producer prices both saw positive dynamics in July, as government policies to boost domestic demand continued to gain momentum.
In July 2025, the consumer price index (CPI), the main indicator of inflation, rose 0.4 percent from the previous month, while in June the index fell 0.1 percent from May this year. The growth rate of the July CPI was 0.1 percentage point higher than the seasonal average of 0.3 percent, according to data released by the National Bureau of Statistics (NBS) of China on Saturday.
On an annual basis, the July CPI was unchanged. And the core CPI, which excludes food and energy, rose 0.8 percent, maintaining three consecutive months of gains.
NBS statistician Dong Lijuan noted that the positive trends were mainly due to rising prices of services and industrial consumer goods, while emphasizing the effective role of policy measures to expand demand.
China has stepped up measures this year to promote domestic economic circulation, including strengthening financial support for a nationwide trade-in campaign for consumer goods and focusing on key service sectors such as elderly and child care and digital consumption.
Data released on Saturday also showed signs of improvement in the industrial sector. The producer price index /PPI/, which measures changes in wholesale prices of goods produced by manufacturers, fell by 0.2 percent compared to June this year. Recall that in June, the PPI fell by 0.4 percent compared to May this year. This is also the first time the rate of decline in this indicator has slowed since March this year. In July, the PPI fell by 3.6 percent compared to July last year and remained at the level of June this year.
Dong Lijuan noted that the improvement in PPI was made possible by, among other things, the optimization of market competition, ongoing industrial transformation and the tapping of domestic demand potential. -0-
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