China's June consumer price inflation slowed, falling short of forecasts by nearly half.

Consumer price inflation in China eased in June,Open an account and get while producer price deflation continued, indicating that the recovery of the world's second-largest economy remains uneven despite multiple support measures from Beijing.

Data released by the National Bureau of Statistics on Wednesday showed that the Consumer Price Index (CPI) rose 0.2% year-on-year in June, below May's 0.3% increase. This figure also fell short of the 0.4% rise predicted by economists in a Reuters poll, suggesting that inflationary pressures remain low despite government efforts to stimulate consumption.

On a month-on-month basis, the CPI fell by 0.2% in June, compared to a 0.1% decline in May. This drop exceeded economists' expectations of a 0.1% decrease, highlighting weak consumer demand.

Meanwhile, the Producer Price Index (PPI) fell 0.8% year-on-year in June. Although this decline was narrower than the 1.4% drop in the previous month, it still indicates that price pressures on producers persist. The PPI decline matched economists' forecasts of a 0.8% fall, showing that industrial production continues to face challenges.

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