Zero Inflation Shows Demand Remains Weak in China’s Economy, Analysts Say

China’s consumer prices were flat year-on-year in June as producer prices fell more sharply, indicating the economy was suffering from weak demand and rising deflationary pressure, analysts said.

The consumer price index (CPI), which measures prices of a select basket of consumer goods and services, remained unchanged year-on-year last month, following three months of slow growth, National Bureau of Statistics (NBS) data showed.