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China’s inflation numbers miss expectations to rise 0.2% in June

WorldChina's inflation numbers miss expectations to rise 0.2% in June


Consumers are shopping at a supermarket in Qingzhou, China, on June 12, 2024. 

Nurphoto | Nurphoto | Getty Images

BEIJING — China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with forecasts.

China’s consumer price index was expected to rise by 0.4% year-on-year in June, according to a poll by Reuters.

The producer price index, which measures factory-gate prices, dropped by 0.8% from a year ago — in line with expectations.

Lackluster domestic demand in China has kept inflation low, in contrast to major economies such as the U.S. where prices have remained elevated.

This is breaking news. Please check back for updates.



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