China’s CPI inflation softens to 0.2% YoY in June vs. 0.4% expected

China’s Consumer Price Index (CPI) rose at an annual pace of 0.2% in June, compared to a 0.3% increase in May. The market forecast was for a 0.4% growth in the reported period.

Chinese CPI inflation came in at -0.2% MoM in June versus May’s 0.1% decline, worse than the -0.1% expected.

more to come ....