China's Inflation Rate in June Falls Short of Expectations, Only Rising by 0.2%

Money | July 9, 2024, 8:13 p.m.

In June 2024, consumer price inflation in China rose by 0.2%, falling short of expectations, while producer prices decreased as projected, according to the National Bureau of Statistics. The consumer price index was anticipated to increase by 0.4%, but only saw a 0.2% rise. Similarly, the producer price index dropped by 0.8%, in line with forecasts. Core CPI, excluding food and energy prices, increased by 0.6% year-on-year, slightly lower than the 0.7% rise in the first half of the year. This data indicates a moderate inflation rate in China, impacting consumer spending habits and overall economic trends. The discrepancy between expectations and actual numbers highlights the need for continued monitoring and analysis of the Chinese economy.