China says inflation slows to 0 . 5 % on - year in July , below forecast

Official data released on Sunday indicates that China's consumer inflation slowed to 0.5% year-on-year in July, falling short of market forecasts. The report also highlighted that factory-gate prices experienced a deceleration, with the producer price index rising by 3.5% compared to the previous year, down from 4.1% in June and below the 3.8% anticipated by analysts.

These figures suggest that both consumer and factory price growth in the world's second-largest economy remained weaker than expected last month. The data reflects ongoing economic challenges as the country continues to confront persistent pressure on price levels.