China's consumer prices posted an annual decline for the first time since February 2021 largely reflecting a fall in food prices, and producer prices continued its downturn trend, official data revealed on Wednesday.
Consumer prices declined 0.3 percent in July from a year ago after staying flat in June, the National Bureau of Statistics reported Wednesday. Economists had forecast prices to fall 0.4 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.