Mainland CPI slows to 0.2 percent year-on-year in June
Consumer price inflation on the mainland slowed in June, while producer price deflation persisted, as Beijing's support measures set a bumpy economic recovery in motion for the world's second-largest economy. The consumer price index (CPI) in June rose 0.2 percent from a year earlier, against a 0.3 percent rise in May, data from the National Bureau of Statistics (NBS) showed on Wednesday, below a 0.4 percent increase predicted by economists in a Reuters poll. CPI edged down 0.2 percent month-on-month, versus a 0.1 percent drop in May and worsening from an expected 0.1 percent fall. The producer price index (PPI) fell 0.8 percent in June from a year earlier, narrowing from a 1.4 percent decline the previous month, and matching a forecast 0.8 percent fall. (Reuters)