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11 Jul 2024

International Economy

China's inflation came in at only 0.20% in June 2024 as consumers remained cautious about spending (Business Brief No.4072 Full Ed.)

คะแนนเฉลี่ย
  • Factors related to the costs of foods and durable goods pressured China’s inflation to stay at a low level in June 2024.
  • Meanwhile, the Producer Price Index fell at a slower pace to (-) 0.8 percent YoY due to the low base effect and falling commodity prices, but excess production capacity continued to pressure prices of consumer goods.
  • Looking into the remainder of 2024, inflation in China is projected to remain in positive territory, but at a low level as consumer confidence has yet to fully recover from the persistent sluggishness in the real estate sector.

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International Economy