China's inflation at 0.1% in June, exceeding forecasts

China’s annual consumer inflation reached 0.1% in June, slightly above market expectations of a 0.1% decline, according to data released Wednesday by the National Bureau of Statistics.

This marks an increase from May’s figure of -0.1%, as the country focuses on boosting domestic demand and benefits from a rebound in industrial consumer goods prices, Xinhua reported.

The core consumer price index, which excludes food and energy, rose 0.7% year-on-year in June, an increase of 0.1 percentage points compared to May.

On a monthly basis, consumer prices slipped by 0.1%.

Meanwhile, producer prices fell 3.6% year-on-year in June.

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