China Inflation Cools, Allowing More Growth Measures

From Bloomberg:

China’s inflation cooled to the slowest pace in 10 months, giving the government more room to restrain the yuan’s advance and bolster .

rose 6.3 percent in July from a year earlier as food costs eased, the statistics bureau said today, after a 7.1 percent gain in June. That was below the 6.5 percent median estimate of 17 surveyed by News.

The slowdown may encourage government policies aimed at sustaining growth in the world’s fourth-biggest economy rather than fighting inflation. While makers have halted the yuan’s appreciation and boosted tax rebates to help exporters, data yesterday showing the fastest producer-price inflation in 12 years underscores the risk that consumer prices will rebound.

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