China’s factory-gate price index tumbled deeper into deflation in June, while the country’s consumer prices remained flat on year, official data showed Monday.
The producer-price index fell 5.4% from a year earlier in June, compared with a 4.6% decline in May, the National Bureau of Statistics said.
The reading, the weakest since December 2015 when PPI fell 5.9% on year, was lower than the 5.0% fall expected by economists surveyed by The Wall Street Journal.
On a monthly basis, China’s PPI fell 0.8% in June, compared with May’s 0.9% decline, the statistics bureau said.
Meanwhile, China’s consumer-price index remained unchanged from a year earlier in June, easing from a 0.2% increase in May.
The result undershot the 0.2% increase anticipated by the surveyed economists.
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