National Bureau of Statistics chief statistician Dong Lijuan said June national CPI fell 0.3% MoM. International price swings drove domestic gold jewelry and gasoline down 8.7% and 4.9%, widening their declines by 5.9 and 4.6 ppt vs. last month and together subtracting about 0.22 ppt from CPI—around 0.19 ppt more drag than in the prior month. Food prices fell 0.4% MoM, unchanged from May, trimming roughly 0.07 ppt off CPI. Seasonal supply pushed fresh vegetables and fruit down 1.0% and 2.0% (com

National Bureau of Statistics chief statistician Dong Lijuan said June national CPI fell 0.3% MoM. International price swings drove domestic gold jewelry and gasoline down 8.7% and 4.9%, widening their declines by 5.9 and 4.6 ppt vs. last month and together subtracting about 0.22 ppt from CPI—around 0.19 ppt more drag than in the prior month. Food prices fell 0.4% MoM, unchanged from May, trimming roughly 0.07 ppt off CPI. Seasonal supply pushed fresh vegetables and fruit down 1.0% and 2.0% (combined -0.06 ppt); pork and aquatic products fell 0.8% and 0.6% (combined -0.02 ppt). Egg prices rose 7.0% as low layer stocks and heat reduced lay rates, adding about 0.03 ppt to MoM CPI.