China's CPI rises 2.7% in July, but remains overall stable, in stark contrast to US

China’s consumer price index (CPI) quickened to a two-year high of 2.7 percent year-on-year in July amid steady food price rises and seasonal factors. But China’s inflation remains overall stable, in stark contrast to sky-high inflation in major economies around the world, including the US which saw an 8.5-percent rise in CPI in July.

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