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China Faltering Demand Proved as Producer Prices Slump

China’s inflation stayed subdued in June while a decline in factory-gate prices extended its longest streak in a decade, underscoring weaker demand in an economy that probably decelerated for a second quarter.

The consumer price index rose 2.7 percent from a year earlier, the National Bureau of Statistics said today in Beijing, compared with a median estimate of 2.5 percent in a Bloomberg News survey and a 2.1 percent gain in May. Producer prices fell 2.7 percent.