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Business丨CPI heralds modest price rises in H2

CHINADAILY  · 公众号  · 时评  · 2024-07-11 11:56
    

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China's consumer prices will likely increase modestly in the second half of this year, as domestic demand and consumption are expected to recover with a series of macroeconomic policy measures taking effect gradually, analysts said. ▲Shoppers buy goods at a supermarket in Zaozhuang, Shandong province. SUN ZHONGZHE/FOR CHINA DAILY However, they noted the persistently low price levels underline the challenges for policymakers trying to boost confidence in the world's second-largest economy, highlighting the necessity for stronger fiscal and monetary support in the remainder of the year. Their comments came as data from the National Bureau of Statistics showed on Wednesday that the country's consumer price index, a main gauge of inflation, rose by 0.2 percent year-on-year in June after a 0.3 percent rise in May. The growth in core CPI, which excludes volatile food and energy prices and is deemed a better gauge of the supply-demand relationship in the economy, rose by 0.6 percent year-on ………………………………

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