China's consumer prices rose faster than expected in July, while producer deflation continued, as Beijing increased support for its struggling consumer sector amidst a slow economic recovery. The nation's consumer price index (CPI) increased by 0.5% year-on-year in July, compared to a 0.2% rise in June, according to the National Bureau of Statistics (NBS). This figure surpassed the 0.3% rise anticipated by economists in a Reuters poll.
