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Macro Flash: China’s consumer and producer prices for June

In June 2021, China’s consumer prices fell by 0.4 percent month-on-month, translating into a 1.1 percent increase year-on-year, a decrease of 0.2 percentage points from the previous month. Industrial producer prices rose by 0.3 percent month-on-month resulting in a 8.8 rise on a year-on-year basis. The strong yearly increase in industrial prices is to a large extent the result of a low baseline with commodity prices moving well ahead above their pre-COVID levels.

Source: National Bureau of Statistics, Koyfin

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