China Inflation Slips 0.1% On Month In June

(RTTNews) - Consumer prices in China were down a seasonally adjusted 0.1 percent on month in June, the National Bureau of Statistics said on Wednesday.

That missed expectations for a flat reading following the 0.2 percent contraction in May.

On a yearly basis, inflation rose 0.1 percent - exceeding expectations for a decline of 0.1 percent, which would have been unchanged from the previous month.

The stats bureau also said that producer prices slumped 3.6 percent on year, shy of forecasts for a decline of 3.2 percent and down from the 3.3 percent drop a month earlier.