Inflation & Prices
China Consumer Prices Inch Up But Deflation Pressure Lingers
- CPI rises 0.2% in June, just short of economist expectations
- Factory-gate deflation that started in late 2022 continues
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China’s consumer prices eked out another small gain in June, hovering near zero for a fifth month, a sign that deflationary pressures continue to impede an economic recovery.
The consumer price index rose 0.2% from a year earlier, the National Bureau of Statistics said Wednesday. That compares with an increase of 0.3% in May and a median forecast of 0.4% in a Bloomberg survey of economists.