China CPI Hints at Demand Pick Up That Stocks Rout Threatens
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China’s consumer prices rose faster than economists forecast in June, suggesting a stabilization in demand that’s now threatened by the stock market’s rout.
The nation’s consumer-price index increased 1.4 percent last month from a year earlier, compared with the 1.3 percent median estimate in a Bloomberg survey and the 1.2 percent increase in May. The producer-price index fell 4.8 percent, extending declines of more than three years.