China's consumer price index (CPI), a key measure of inflation, increased by 0.2% in June compared to the same month last year, according to data released by the National Bureau of Statistics (NBS) on Wednesday. 📈
When excluding volatile food and energy prices, the core CPI rose by 0.6%, matching the growth seen in May. This indicates that underlying inflation pressures remain consistent. 🛍️
On a monthly basis, the CPI dipped by 0.2% in June, a slight decrease from the 0.1% drop observed in May. This decline is attributed to seasonal factors impacting consumer spending. 🌸
Economists are keeping a close eye on these indicators to gauge China's economic health and make informed predictions for the coming months. Stay tuned for more updates! 🔍✨
