Consumer prices rise in China, producer prices fall

China’s consumer price index rose 0.2 percent in May from a year ago, according to data from China’s National Bureau of Statistics.

Economists had expected to see an increase of 0.3 percent after a two-year low of 0.1 percent in April. Prices fell 0.2 percent on a monthly basis, while economists predicted a 0.1 percent drop on a monthly basis.

China’s producer deflation continued in May, with producer prices falling by 0.9 percent compared to the previous month and by 4.6 percent compared to the same period last year. This was recorded as the fastest decline since February 2016.

Economists had expected producer prices to fall by 4.3 percent year-on-year in May.