BEIJING Nike Air Jordan 1 Off White Italia , July 9 (Xinhua) -- China's consumer inflation ticked slightly higher in June while at wholesale level, deflation remained a problem for a 40th month in a row, official data showed on Thursday.
China's consumer price index (CPI), a main gauge of inflation, edged up 1.4 percent in June Nike Presto Off-White Italia , slightly above market forecasts of 1.3 percent and a 1.2-percent rise in May, according to the National Bureau of Statistics (NBS).
On a monthly basis, consumer prices in June remained unchanged, compared with a dip of 0.2 percent posted in May.
NBS statistician Yu Qiumei attributed the pick-up to a lower comparative base from June last year and higher prices of food, including vegetables and pork.
Minsheng Securities forecast that China's CPI growth will continue accelerate in the second half, to around 2 percent in the last quarter, but remain under the government's annual target of 3 percent set for the year.
The producer price index (PPI), a measure of costs for goods at the factory gate, fell 4.8 percent year on year in June Nike Blazer Off White Italia , widening from the 4.6-percent drop seen a month earlier.
The reading also marked the 40th straight month of decline.
"This showed industrial demand is worsening, and China continues to face prominent deflationary risks," noted Qu Hongbin, chief China economist at HSBC.
Wen Bin, chief researcher with China Minsheng Bank Nike Air Force One Off White Italia , said the data pointed to continuously weak domestic demand in the economy, adding there is still room for the central bank to ease its monetary policy.
China's economy grew at its lowest rate in six years in the first quarter