Chinese producer price inflation eases in June, but CPI gains accelerate
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Factory gate inflation in the People's Republic of China cooled last month, but continued accelerating at the consumer level.
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According to China's National Bureau of Statistics, the rate of increase in producer prices in the world's second-largest economy slowed from 6.4% to 6.1%.
Economists had forecast producer price gains of 6.0% for June.
China's Consumer Price Index on the other hand rose at annual rate of 2.5%, which was faster than the 2.1% rise recorded in May.
June's CPI print was also one tenth of a percentage point more than forecast by economists.
Month-on-month however, CPI was flat (consensus: 0.1%).
The People's Bank of China's annual CPI target is for inflation of around 3.0%.