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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