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

Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.