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China Consumer Prices Slip 0.1% On Year In May
(RTTNews) - China's overall inflation was down 0.1 percent on year in May, the National Bureau of Statistics said on Monday.
That beat forecasts for a decline of 0.2 percent but was unchanged from the April reading.
On a seasonally adjusted monthly basis, consumer prices fell 0.2 percent - in line with expectations and down from 0.1 percent in the previous month.
The bureau also said that producer prices stumbled 3.3 percent on year versus forecasts for a drop of 3.1 percent after falling 2.7 percent a month earlier.
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China Consumer Prices Fall For Fourth Month; Exports Rise
China's consumer prices declined for the fourth consecutive month and the decline in producer prices worsened in May, deepening deflation worries among policymakers as domestic demand remained weak despite taking enormous measures to boost consumption.
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