China's consumer prices rise for 4th consecutive month in May

Source:China Sport ShowRelease time:18-Jun-2024Clicks:

Article From：Fibre2Fashion

China's consumer prices continued their upward trend for the fourth consecutive month in May, according to the National Bureau of Statistics (NBS). The consumer price index (CPI), a key measure of inflation, increased by 0.3 per cent year-on-year (YoY) last month.

The core CPI, which excludes volatile food and energy prices, rose by 0.6 per cent. However, on a monthly basis, the CPI slightly declined by 0.1 per cent in May, a softening from the 0.1 per cent increase recorded in April. This decrease was less pronounced than the 0.2 per cent average drop seen in the same period over the past decade.

Meanwhile, China's producer price index (PPI), which tracks the cost of goods at the factory gate, decreased by 1.4 per cent YoY in May, as per the NBS.

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