Mainland CPI slows to 0.2 percent year-on-year in June - RTHK
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Mainland CPI slows to 0.2 percent year-on-year in June

2024-07-10 HKT 10:04
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  • The rise in high street inflation is below the 0.4 percent increase predicted by economists in a Reuters poll. Photo: Shutterstock
    The rise in high street inflation is below the 0.4 percent increase predicted by economists in a Reuters poll. Photo: Shutterstock
Consumer price inflation on the mainland 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 percent from a year earlier, against a 0.3 percent rise in May, data from the National Bureau of Statistics (NBS) showed on Wednesday, below a 0.4 percent increase predicted by economists in a Reuters poll.

CPI edged down 0.2 percent month-on-month, versus a 0.1 percent drop in May and worsening from an expected 0.1 percent fall.

The producer price index (PPI) fell 0.8 percent in June from a year earlier, narrowing from a 1.4 percent decline the previous month, and matching a forecast 0.8 percent fall. (Reuters)

Mainland CPI slows to 0.2 percent year-on-year in June