FX.co ★ China Inflation Rises 0.3% On Year In May

In May, consumer prices in China experienced a year-over-year increase of 0.3 percent, as reported by the National Bureau of Statistics on Wednesday. This figure fell short of the anticipated 0.4 percent and remained consistent with April's rate. On a month-to-month basis, inflation decreased by 0.1 percent, contrary to predictions of no change, following a 0.1 percent rise in April. Additionally, the bureau noted that producer prices declined by 1.4 percent annually, surpassing forecasts of a 1.5 percent decrease after a 2.5 percent drop in the prior month.