Beijing, China – China’s consumer price index (CPI), a main gauge of inflation, increased by 0.2 percent year-on-year in June, according to data released by the National Bureau of Statistics (NBS) on Wednesday. The slight rise indicates moderate inflation in the world’s second-largest economy.
The core CPI, which excludes volatile food and energy prices, climbed 0.6 percent, maintaining the same growth rate as in May. This stability suggests that underlying inflationary pressures remain subdued.
On a monthly basis, the CPI edged down 0.2 percent in June due to seasonal factors, a slightly larger decline than the 0.1-percent drop observed in May. Analysts attribute this decrease to fluctuations in food prices and other seasonal commodities.
While the CPI saw a modest uptick, the producer price index (PPI), which measures costs for goods at the factory gate, experienced a narrowing decline. Though specific PPI figures were not provided, the trend indicates potential stabilization in industrial prices.
The latest data reflects China’s ongoing efforts to balance economic growth with inflation control. Policymakers are closely monitoring price levels to ensure economic stability amid global uncertainties.
Reference(s):
cgtn.com
