BEIJING -- Chinese consumer prices ended more than two years of growth in June, according to government data released Monday, fueling concerns about deflation amid a sluggish job market and slow recovery in consumer spending.
Weak demand leaves CPI flat while inflation expectations hit record low
Big Chinese e-commerce companies cut prices aggressively to spur demand during last month's 618 online shopping festival. © Reuters
BEIJING -- Chinese consumer prices ended more than two years of growth in June, according to government data released Monday, fueling concerns about deflation amid a sluggish job market and slow recovery in consumer spending.