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The figure, compared with 7.1 percent in June and 7.7 percent in May, was broadly in line with most forecasts.
"The continuous decline of the CPI is a positive sign as it shows the government's measures to ease inflationary pressures were effective," said Zhang Xiaojing, an analyst with the Chinese Academy of Social Sciences.
Zhang attributed the decline to falling food prices and shrinking demand due to the economic slowdown.
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FOB, CIF and CFRHowever, FOB, CIF, and CFR are all terms which relate to the delivery of the goods and they will affect the price of those goods.Read More...
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