Chinese inflation pulse muted

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Chinese June inflation is out and shows little sign of trouble:

In June 2018 , the national consumer price rose by 1.9% year-on-year . Among them, the city rose 1.8% , the rural rose 1.9% ; food prices rose 0.3% , non-food prices rose 2.2% ; consumer prices rose 1.5% , service prices rose 2.4% . In the first half of the year, the national consumer price rose by 2.0% over the same period last year .

In June , the national consumer price fell by 0.1% from the previous month . Among them, the city was flat, rural areas fell by 0.1% ; food prices fell by 0.8% , non-food prices rose by 0.1% ; consumer prices fell by 0.2% , and service prices rose by 0.2%

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.