China’s producer prices fall 3.6% in June, biggest drop in nearly two years as deflation deepens

Producer prices plunged 3.6% in June from a year earlier , marking its largest decline since July 2023 .

Consumer price index edged 0.1% higher in June , beating the estimates for a flat reading.

Core CPI, stripping out food and energy prices, rose 0.7% from year ago , the biggest increase in 14 months .