July 24, 2018 / 10:53 AM / a year ago

China's steady inflation leaves room for monetary policy fine-tuning: state planner

FILE PHOTO: An empty shopping cart is seen at a branch store of Wal-Mart in Beijing, China, October 15, 2015. REUTERS/Kim Kyung-Hoon/File Photo

BEIJING (Reuters) - Steady inflation trends in China in the second half of the year leave room for fine-tuning of monetary policy, the country’s state planner said on Tuesday.

Inflation is expected to slow in the second half of the year, with full-year consumer inflation to be around 1.8 percent and the producer price index to be about 3.5 percent, the National Development and Reform Commission said in a statement on its website.

Reporting by Beijing Monitoring Desk; Editing by Jacqueline Wong

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