China's Consumer Prices Rise Less than Expected in June

July 10, 2024, 08.47 AM | Source: Reuters
China's Consumer Prices Rise Less than Expected in June

ILUSTRASI. Plastic letters arranged to read 'Inflation' are placed on Chinese Yuan banknote in this illustration taken, June 12, 2022. REUTERS/Dado Ruvic/Illustration

CHINA - BEIJING. China's consumer price inflation slowed in June, while producer price deflation persisted, as Beijing's support measures set a bumpy economic recovery in motion for the world's second-largest economy.

The consumer price index (CPI) in June rose 0.2% from a year earlier, against a 0.3% rise in May, data from the National Bureau of Statistics (NBS) showed on Wednesday, below a 0.4% increase predicted by economists in a Reuters poll.

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