China’s inflation rate remained unchanged in June, surprisingly missing market expectations and a drop from May’s 0.2% increase. This stagnation, the lowest since deflation in February 2021, primarily resulted from a fall in non-food prices and transportation costs. In contrast, food prices rose the most in three months. Core consumer prices went up 0.4% YoY, the least since March 2021, following a 0.6% rise in May. Consumer prices unexpectedly fell by 0.2% MoM in June, marking the fifth consecutive month of declines.