China’s June Factory Inflation Cools, Consumer Prices Accelerate

  1. Home /
    2. News & Feeds /
  2. China’s June Factory Inflation Cools, Consumer Prices Accelerate
China’s June Factory Inflation Cools, Consumer Prices Accelerate
News & Feeds

China’s June Factory Inflation Cools, Consumer Prices Accelerate

China’s factory-gate inflation cooled in June to the lowest in 15 months, as strict anti-COVID measures hit demand and global recession fears triggered a selloff in ferrous metals, while consumer inflation rose to the highest in nearly two years. The producer price index (PPI) rose 6.1% year-on-year, the National Bureau of Statistics (NBS) said on Saturday, after a 6.4% rise in May. That was a faster rate than expectations of 6.0% growth tipped in a Reuters poll. The consumer price index (CPI) increased 2.5% from a year earlier, widening from a 2.1% gain in May and the highest in 23 months. In a Reuters poll, the CPI

Read More…