China's consumer price inflation is set to rebound further over the coming months as the economy is set to recover moderately driven by policy measures, Capital Economics' economists said.
China s consumer price inflation continued to ease in November and factory gate prices decreased again as strict zero-Covid strategy dragged on economic activity, depressing inflationary pressures while spiraling costs act as utmost policy constraint in major economies.
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.
China’s official producer price index (PPI) rose to 9 per cent in May from a year earlier, while the consumer price index (CPI) rose 1.3 per cent over the same period.