China’s producer price growth moderated further in May to the equal-lowest level since December as consumer prices continued to pick up.
The producer price index published by China’s National Bureau of Statistics recorded a year-on-year rise of 5.5 per cent in May, though that fell short of a median forecast of 5.7 per cent from economists polled by Reuters.
Consumer inflation accelerated for a third straight month in May, recording a rise of 1.5 per cent compared to a year ago, dead-on economist expectations of 1.1 per cent growth.
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