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China Consumer Prices Rise in May as Factory Deflation Continues

Posted on AllSides June 11th, 2024
From The Left

China’s consumer prices rose in May, holding above zero for a fourth month after the country saw its worst deflation streak in over a decade.

The consumer price index rose 0.3% from a year earlier, the National Bureau of Statistics said Wednesday, posing the same modest gain it did in April and comparing to a median forecast of 0.4% in a Bloomberg survey of economists.

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https://bloomberg.com/news/articles/2024-06-12/china-consumer-prices-rise-in-may-as-factory-deflation-continues

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