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China’s consumer price index (CPI) rose by 2.5 per cent in June from a year earlier, while the producer price index increased by 6.1 per cent last month, inflation data released on Saturday showed.
Global inflation is soaring, reaching a 40-year high in the US, thanks to sky-high food and energy prices that have been exacerbated by the war in Ukraine. Why is it a different story in China?
The world's second-largest economy has slowed significantly in recent months, hit by strict COVID-19 controls, disrupting supply chains and jolting production and consumption.
China’s consumer price index (CPI) rose by 2.1 per cent in May from a year earlier, while the producer price index (PPI) rose by 6.4 per cent last month, data released on Friday showed.