China’s CPI up 1.4% in June

China consumer prices picked up moderately in June, however wholesale prices remained entrenched in deflation, a sign of continued slack in the world’s second largest economy.

China’s consumer price index (CPI) rose 1.4 percent in June from a year earlier, beating expectations of a 1.3 percent rise predicted in a Reuters poll and following a 1.2 percent rise in May.

The producer price index (PPI), however, slid 4.8 percent, worse than forecasts for a 4.5 percent fall and after a 4.6 percent decline in May. This marks its 39th consecutive month of declines, according to Reuters.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.