China‘s consumer price index (CPI) fell 0.1 percent on month in May and rose at a 1.5 percent annual pace, while producer prices rose 5.5 percent, the country’s National Bureau of Statistics said Friday.

A poll of analysts by Reuters saw a 0.2 percent drop in CPI on month, compared to a 0.1 percent increase in April, and a gain of 1.5 percent on year, higher than the 1.2 percent rise in April . As well, analysts saw the producer price index up 5.7 percent on year, a dip down from a 6.4 percent rise in April.

This is a breaking news story. Check back for updates.

Source

NO COMMENTS