China On Brink Of Deflation As CPI Slumps, PPI Tumbles Most Since 2015
According to China's National Bureau of Statistics, both CPI and PPI missed expectations, as China’s consumer inflation dropped to unchanged in June - the weakest rate since February 2021, when slumping pork costs dragged on the index - while factory-gate prices tumbled a whopping 5.4% YoY, the biggest drop since December 2015.
https://www.zerohedge.com/economics/china-brink-deflation-cpi-slumps-ppi-tumbles-most-2015
According to China's National Bureau of Statistics, both CPI and PPI missed expectations, as China’s consumer inflation dropped to unchanged in June - the weakest rate since February 2021, when slumping pork costs dragged on the index - while factory-gate prices tumbled a whopping 5.4% YoY, the biggest drop since December 2015.
https://www.zerohedge.com/economics/china-brink-deflation-cpi-slumps-ppi-tumbles-most-2015