China's annual inflation at 0.2% in June, below expectations
China's inflation rate misses market expectations in June
![China's annual inflation at 0.2% in June, below expectations](/Archive/2024/7/10/2135827/kapak_113306.jpg)
The annual inflation rate in June in China was 0.2%, below market expectations, according to an official press release on Wednesday by the National Bureau of Statistics.
Food prices fell by 2.1% in the country year-on-year in June, while non-food prices went up by 0.8%, the bureau said.
Consumer goods prices decreased by 0.1%, while service prices rose by 0.7% in the country over the same period.
On average, from January to June, the country's consumer prices rose by 0.1% compared with the same period of the previous year, it added.
Markets' expectation was 0.4% for the annual rate of June.
Meanwhile,
the country's industrial producer factory prices fell by 0.8%
year-on-year in June, 0.6 percentage points narrower than the previous
month.