Economics
China Factory Deflation Eased in June With Recovery on Track
- Consumer prices rise slightly faster on food inflation
- High pork price inflation continues, climbing almost 82%
This article is for subscribers only.
China’s factory deflation eased back in June as the economic recovery continued, while consumer inflation ticked up.
The decline in the producer price index narrowed to 3% last month from May’s 3.7%, the National Bureau of Statistics said Thursday. The consumer price index rose 2.5% on year following a 2.4% gain the previous month. The statistics bureau earlier published statements dated 2019 which were then withdrawn.