Chinese consumer price index rises at annual rate of 2.0% in May
The Chinese National Bureau of Statistics released its consumer and producer price inflation data for China on Thursday. The Chinese consumer price index (CPI) rose at annual rate of 2.0% in May, missing expectations for a 2.3% increase, after a 2.3% gain in April.
Food prices rose at an annual rate of 5.9% in May, while non-food prices increased 1.1%.
On a monthly basis, consumer price inflation decreased 0.5% in May, after a 0.2% fall in April.
The Chinese producer price index (PPI) dropped 2.8% in May, beating expectations for a 3.3% fall, after a 3.4% decline in April.