China’s CPI up 2.5% in June

China’s consumer price index (CPI), a main gauge of inflation, rose by 2.5% YoY in June, expanding 0.1 percentage points than May.

The percentage was in line with a 2.5% rise tipped by a Reuters poll. Meanwhile, China’s producer price index (PPI), which measures costs for goods at the factory gate, fell 3.0% from a year earlier, lower than the 3.2% contraction tipped by analysts in a survey by Bloomberg.

On a monthly basis, consumer prices went down 0.1%. Food prices, which account for nearly one-third of the weighting in China’s CPI, went up 0.2% last month.