Macro & Strategy | China Economy 12 August 2024 CPI picks up in July due to the rises of food and service price Consumer price index (CPI) picked up the growth from 0.2% in June to 0.5% in July (all on a YoY basis unless otherwise specified), beating market expectation. However, the growth of core CPI edged down from 0.6% in May and June to 0.4% in July. In the first seven months of 2024 (7M24), the CPI index edged up 0.2% and the core CPI picked up 0.6%. The bouncing CPI growth was partially bolstered by t ...