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China consumer price growth weakens in June while producer inflation rises on export orders
Consumer prices rose 1% in June, below forecasts, while producer prices climbed 4.1% as higher commodity and tech demand lifted factory-gate costs.
- China's consumer prices grew by 1% year-on-year in June, slower than the expected 1.1% and down from 1.2% in May, indicating weaker domestic demand according to the National Bureau of Statistics.
- Producer prices rose 4.1% year-on-year in June, matching forecasts and exceeding May's 3.9%, driven by higher costs due to export orders, increased demand for AI computing power, and higher commodity costs.
- The official Purchasing Managers' Index showed easing input cost inflation to a six-month low, with output prices contracting in June, signaling reduced industrial price pressures.
- The International Monetary Fund raised China's 2026 growth forecast to 4.6%, citing strong exports, high-tech manufacturing, and infrastructure investment, while acknowledging a two-speed growth with weak consumption and housing markets.
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6 Articles
China's producer inflation hits near 4-year high in June
China's producer price inflation surged for a fourth straight month in June to its highest since July 2022, while consumer prices extended gains, official data showed on Thursday, indicating that cost pressures remained elevated for domestic manufacturers.
·New York, United States
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Total News Sources6
Leaning Left4Leaning Right0Center2Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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