China CPI Decreases in July Hinting Weak Demand
Created: 2012-08-09 14:22 EST
Category: Business
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Data released on Thursday by China's National Bureau of Statistics shows that the Consumer Price Index rose 1.8% in July, a decrease from the 2.2% seen in June.
The annual change in CPI is a indicator, which can be used to measure inflation.
Despite the change and decrease in CPI, Chinese economists think the continuous decline is not just a result of carryover effects, but of weakening market demand caused by panic over a slowing economy.
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