China Inflation Rises on Gains in Food and Fuel Prices
Subdued inflation means Chinese authorities can focus more on reviving the economy
SINGAPORE—Inflation in China accelerated more than expected in June as prices for food and fuel picked up, but cost pressures remain muted compared with blistering gains in Europe and the U.S.
Consumer prices rose at a 2.5% annual pace in June, China’s National Bureau of Statistics said Saturday, picking up from a 2.1% increase recorded in May. Economists polled by The Wall Street Journal had expected year-over-year inflation of 2.4%.