China logs uptick in June consumer prices

Business | 9 Jul 2020 9:52 am

China's consumer price index (CPI), a main gauge of inflation, climbed by 2.5 percent year-on-year in June, the National Bureau of Statistics said today.

The rate picked up from the 2.4-percent growth in May. 

Inflation in May was lower  by 0.8 percent from April. Food prices, which account for nearly one-third of the weighting in the index, fell by 3.5 percent, an increase of 0.5 percentage points from the previous month, causing a drop of about 0.78 percentage points in the index, in May.

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