China's inflation numbers miss expectations to rise 0.2% in June

China’s inflation numbers miss expectations to rise 0.2% in June

Consumers are shopping at a supermarket in Qingzhou, China, on June 12, 2024. 

Nurphoto | Nurphoto | Getty Images

BEIJING — China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with forecasts.

China’s consumer price index was expected to rise by 0.4% year-on-year in June, according to a poll by Reuters.

The producer price index, which measures factory-gate prices, dropped by 0.8% from a year ago — in line with expectations.

Lackluster domestic demand in China has kept inflation low, in contrast to major economies such as the U.S. where prices have remained elevated.

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