China: Consumer inflation stabilizes in May
Latest reading: Consumer prices rose 1.2% in annual terms in May, stable from the prior month’s reading and slightly below market expectations. May’s reading was one of the highest in recent years. Higher fuel costs provided upward pressure, partly offsetting weak housing and food costs.
Meanwhile, consumer prices were down 0.10% in May on a month-on-month basis, following a 0.30% rise in the previous month.
Finally, producer price inflation quickened to a multi-year high of 3.9% in May.