BEIJING (Reuters) – China’s consumer price inflation slowed in June, while producer price deflation persisted, as Beijing’s support measures set a bumpy economic recovery in motion for the world’s second-largest economy.
The consumer price index (CPI) in June rose 0.2% from a year earlier, against a 0.3% rise in May, data from the National Bureau of Statistics (NBS) showed on Wednesday, below a 0.4% increase predicted by economists in a Reuters poll.
CPI edged down 0.2% month-on-month, versus a 0.1% drop in May and worsening from an expected 0.1% fall.
The producer price index (PPI) fell 0.8% in June from a year earlier, narrowing from a 1.4% decline the previous month, and matching a forecast 0.8% fall.
(Reporting by Qiaoyi Li and Ryan Woo; Editing by Jacqueline Wong)
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