Price Puzzle: CPI Rises While Food Costs Swing
China’s June consumer prices inched up 0.2% year-on-year, with pork prices leaping 18.1% 🐖💸 even as fresh produce flooded markets. The stats reveal a summer of contrasts: affordable avocados vs. pricier baozi!
Service Sector Shines Bright
Non-food prices climbed 0.8%, powered by booming travel demand ✈️🌴. Hotels and airlines cashed in as students and young pros embraced wanderlust – proof that post-pandemic life is thriving!
Factory Gates Show Hope
While producer prices still dipped, the slowdown’s easing signals industrial recovery ahead 🏭📉→📈. Analysts say this could mean smoother supply chains for everything from smartphones to solar panels.
Reference(s):
China's price stability prevails amid continued resilient recovery
cgtn.com