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China June producer inflation hits six-month high, limited tariff impact so far

Reuters  |  BEIJING 

By Lusha Zhang and Elias GlennBEIJING (Reuters) - China's producer inflation accelerated to a six-month high in June, lifted by strong commodity prices and threatening to put more pressure on the country's exporters as a trade war escalates between Washington and Beijing. Annual consumer inflation also edged up as food prices rose at a faster pace, official data showed on Tuesday. But retail price pressures remain modest, allowing the central bank to remain more focused on ways to support the slowing economy.The United States and China slapped tariffs on $34 billion worth of each others' ...

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First Published: Tue, July 10 2018. 10:50 IST