China: Inflation steady in June
July 10, 2017
In June, consumer prices fell 0.2% from the previous month, following May’s 0.1% decrease. The reading mainly reflected a sharp drop in prices for food due to seasonal factors.
Inflation was unchanged at May’s 1.5% in June, slightly lower than the 1.6% that market analysts had expected. Annual average inflation was stable at May’s 1.7% in June.
Meanwhile, producer inflation was unchanged at May’s 5.5% in June, matching market expectations. The annual average variation of the producer price index rose from May’s 3.3% to 3.9% in June, the highest reading since April 2012.