China: Inflation continues to rise in May
June 9, 2017
In May, Chinese consumer prices fell 0.1% from the previous month, contrasting April’s 0.1% increase. The reading mainly reflected a sharp decrease in prices for food, tobacco and liquors and transport and communications.
Inflation rose from April’s 1.2% to 1.5% in May, in line with market expectations. Annual average inflation was stable at April’s 1.7% in May.
Meanwhile, producer inflation declined from April’s 6.4% to 5.5% in May, the lowest print in five months and below market expectations of 5.7%. The annual average variation of the producer price index rose from April’s 2.6% to 3.3% in May, the highest reading since April 2012.