Consumers are shopping at a supermarket in Qingzhou, China, on June 12, 2024.
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, data from the National Bureau of Statistics on Wednesday showed.
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.
Core CPI, which strips out more volatile food and energy prices, rose by 0.6% year-on-year in June, slightly slower than the 0.7% increase for the first six months of the year.
Organizations:
National Bureau, Statistics, Reuters, CPI
Locations:
Qingzhou, China, BEIJING