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Consumer goods are seen for sale at a supermarket in Yichang, Hubei province, China, July 10, 2023. Data released by the National Bureau of Statistics shows that in June 2023, the national consumer price index (CPI) rose by 0% year-on-year. On a month-on-month basis, CPI has declined for five consecutive months, with a month-on-month decline of 0.2% in June. The producer price index (PPI) fell 5.4% year-on-year and 0.8% month-on-month, and the year-on-year growth rate has been in negative territory for nine consecutive months.
Consumer goods are seen for sale at a supermarket in Yichang, Hubei province, China, July 10, 2023. Data released by the National Bureau of Statistics shows that in June 2023, the national consumer price index (CPI) rose by 0% year-on-year. On a month-on-month basis, CPI has declined for five consecutive months, with a month-on-month decline of 0.2% in June. The producer price index (PPI) fell 5.4% year-on-year and 0.8% month-on-month, and the year-on-year growth rate has been in negative territory for nine consecutive months.
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