China’s statistics agency admits mistakenly publishing year-old monthly inflation, producer price data for June
- The National Bureau of Statistics (NBS) initially said China’s producer price index (PPI) was unchanged from the same month last year before confirming a 3.0 per cent year on year fall
- It also said China’s consumer price index (CPI) was up 2.7 per cent in June before a rise of 2.5 per cent was confirmed
China’s national statistics agency caused mild confusion on Thursday after mistakenly releasing year-old inflation and producer price data for June.
The National Bureau of Statistics (NBS) initially published the regular monthly data on its website showing the producer price index (PPI) was unchanged in June from the same month last year, while China’s consumer price index (CPI) was up 2.7 per cent in June.
A survey of Bloomberg analysts had expected PPI to contract by 3.2 per cent and CPI to rise by 2.5 per cent having been 3.7 per cent for PPI and 2.4 per cent for CPI, respectively, in May.
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“We immediately corrected the mistake after we received feedback of the error,” an NBS official said after being contacted by the South China Morning Post.
The NBS is expected to publish China’s gross domestic product growth rate for the second quarter next week, along with industrial production, fixed-asset investment and retail sales for June and the first half of 2020.
