China inflation steady in June as energy costs cool

China's consumer prices stabilized in June as energy and commodities prices cooled, official data showed on June 9.

The consumer price index (CPI) rose last month 1 percent year-on-year, edging lower from 1.2 percent in May, data from the National Bureau of Statistics showed.

It fell slightly below a Bloomberg forecast of 1.1 percent.

However, last month's CPI was still well below the government's 2 percent target for the year.