China inflation edges up to 1.6 percent in July

BEIJING — Consumer inflation edged up to a still-low 1.6 percent year-on-year in July, government data showed Sunday, leaving room for Beijing to cut interest rates or take other steps to stimulate slowing economic growth.

The inflation rate rose from the previous month’s 1.4 percent, driven by a jump in pork prices. The National Bureau of Statistics said that costs also rose for medical care, vegetables, household services, tobacco and pre-school education.

July’s consumer price index was the highest so far in 2015.

The government aims to keep consumer inflation at around 3 percent this year.

Producer prices, measured as goods leave the factory, fell 5.4 percent from a year earlier, extending a long period of declines due to excess production capacity in many industries.

Forecasters say the economy grew by 7 percent or slightly below that in the three months ending in June, in line with the previous quarter’s six-year low of 7 percent.

Growth has cooled as the ruling Communist Party tries to steer the economy to a more self-sustaining expansion based on domestic consumption instead of trade and investment.

Talk to us

More in Herald Business Journal

Small business relief effort inundated with 850 applications

The economy in and around Everett has struggled amid fallen revenues and uncertainty about the future.

‘Hundreds of millions’ in bogus jobless benefits paid out

Washington state has been reported as the top target of a Nigerian fraud ring.

Marysville drivers wait overnight for Chick-fil-A opening

The popular chicken restaurant began serving at 6:30 a.m. Thursday. Police plan to guide traffic for days.

Tulalip Resort Casino and Quil Ceda Creek to open Tuesday

Guests must wear a mask and occupancy is limited, the Tulalip Tribes announced Wednesday.

As Arlington gym closes, a Snohomish barber continues to cut

PA Fitness closed after the state attorney general filed a lawsuit. “We would lose,” a co-owner conceded.

FAA says it will let Boeing employees vouch for plane safety

The agency defended the current system but identified areas for improvement. Some lawmakers disagree.

Fraudsters using local identities for phony jobless claims

The Everett School District, for example, saw about 310 false claims using employees’ personal information.

State sues an Arlington gym for violating stay-home order

“It is my constitutional right to be open,” says a co-owner of PA Fitness. He plans to countersue.

Heavy traffic expected when Chick-fil-A opens in Marysville

The city warns there will likely be delays for days along 88th Street NE. near the new restaurant.

Somers announces $14 million in relief for small businesses

One program will target aerospace companies. The other will focus on service and retail industries.

Paine Field terminal to close for 71 days of ramp repairs

Alaska is down to one departure per day due to the coronavirus outbreak’s effect on travel.

Quarantini time! New state rule allows cocktails to-go

Enjoy a margarita or a Manhattan with lunch or dinner to go. At Buck’s in Everett, you keep the mason jar.