China's CPI unchanged in June

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Monday, Jul 10 2017

China's CPI unchanged in June

Broad measures of Chinese inflation were unchanged last month, as both consumer and factory-gate prices expanded at a slower but steady pace. The National Bureau of Statistics reported that the June consumer price index (CPI) advanced 1.5%, following an identical increase the previous month. Compared to May, consumer prices were down 0.1%, official data showed.

The government’s producer price index (PPI) – a gauge of factory gate prices – expanded 5.5% annually in June, following an identical increase the month before. Despite recent weakness, producer inflation is heating up this year on fiscal policies aimed at shoring up China’s overcapacity issues.

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