BEIJING: China's consumer prices fell for a fourth straight month in May while producer deflation deepened, as the economy faces headwinds from trade tensions and a prolonged housing downturn.
The consumer price index dipped 0.1% last month from a year earlier, versus a 0.1% drop in April, National Bureau of Statistics data showed on Monday, slightly better than a Reuters poll forecast of a 0.2% decline.
CPI slid 0.2% on a monthly basis, compared with a 0.1% increase in April, and matched economists' predictions of a 0.2% decline.
The producer price index was down 3.3% in May from a year earlier, worse than a 2.7% decline in April and the deepest contraction in 22 months. That compared with an estimated 3.2% fall in a Reuters poll.
Hence then, the article about china s consumer prices extend decline for fourth month in may was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( China's consumer prices extend decline for fourth month in May )
Also on site :
- University of Illinois resumes final exams, assignments Sunday after Canvas hack
- 1971 Bluesy Soul Classic Had One of the Biggest Comebacks in Spotify History, 53 Years After Its Release
- ‘Americans are literally getting squeezed’: A top economist on why your wages are disappearing while the rich keep booking vacations