09 July 2012 05:13 [Source: ICIS news]
SINGAPORE (ICIS)--China’s consumer prices continued to ease, with inflation falling to a 29-month low of 2.2% in June, bringing the first-half average at 3.3%, official data showed on Monday.
Producers’ purchase price dropped by 2.5% in June, with that of raw chemicals down by 5.0%, based on official data.
China’s inflation numbers came within market expectations and provide the authorities with more room to ease monetary policies, analysts said.
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