China’s June CPI inflation down
July 10, 2024
China’s CPI inflation in June fell to 0.2%, lower than the 0.3% recorded in the previous year and below the forecast of 0.4%. Inflation has been very low for the past four months, ranging between 0.1-0.3% year-on-year. On a monthly basis, CPI inflation fell to -0.2% in June and inflation has now fallen for two consecutive months. The softer inflation figures are partly explained by a larger-than-expected fall in food prices (-2.1% y/y).
