China’s consumer prices rise in June, but deflation worries persist

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China’s consumer prices rose for the first time in five months in June, but the modest gain still pointed to persistent weak demand in the world’s second-largest economy amid an unprecedented trade war with the United States.The national consumer price index (CPI), a key gauge of inflation, rose 0.1 per cent year on year last month, according to data released by the National Bureau of Statistics on Wednesday.The reading came in above a forecast of a 0.03 per cent drop provided by the financial...