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      China's CPI up 0.3% yoy in May, PPI growth still negative

      4:06pm 13 Jun, 2024 Ray Chen

      Guangzhou (JLC), June 13, 2024 – China's consumer price index (CPI), a main gauge of inflation, climbed 0.3% year on year in May, posting a year-on-year growth for a fourth straight month, data from the National Bureau of Statistics (NBS) showed.

       

      On a month-on-month comparison, however, the CPI dropped 0.1% in May, the NBS data showed.

       CPI, PPI

      The core CPI, which excludes food and energy prices, went up 0.6% year on year in May, according to Dong Lijuan, an NBS statistician.

       

      In January-May, the CPI rose 0.1% from the same period of last year, the NBS data showed.

       

      PPI growth still negative

      China's producer price index (PPI), which measures factory-gate goods prices, fell 1.4% year on year in May, narrowing from a 2.5% decline in April, the NBS data showed.

       

      On a month-on-month comparison, however, the PPI rose 0.2% in May, the NBS data indicated.

       CPI, PPI

      In January-May, the PPI dropped 2.4% from the same period of last year, the NBS data showed.


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