China’s consumer inflation hits two-year high ...News

Russia Today - Economy
China’s consumer inflation hits two-year high
source : Russia Today ( News ) () 22
A rise in demand due to eased Covid curbs may further increase prices Consumer prices in China grew 2.5% in June from a year earlier, beating economists’ expectations of a 2.4% gain, the National Bureau of Statistics data revealed on Saturday. The released numbers demonstrate the strongest pace in two years and compare with 2.1% growth recorded in May. In June, food prices grew by 2.9% from a year earlier, while non-food prices grew by 2.5% last month, year-over-year, which also went up from a reading of 2.3% growth in May. Though consumer demand remains weak due to China’s strict Covid control measures along with

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