China’s inflation was close to zero in May as prices of products slumped as they emerged from factories and indications of slowing demand and a complex environment for companies.
The consumer price index CBI recorded the main measure of inflation, up 0.2% in May from 0.1% in the previous month, according to National Bureau of Statistics figures. That’s exactly what analysts talked to by Bloomberg Financial News were expecting.
Far from the increases recorded in developed countries, China’s food prices did not change much in one year (0.1%) nor those of consumer goods (0.3%) and services (0.9%).
In comparison, inflation remained high in May in France (5.1% in one year).
Production prices (factory exit prices) recorded a further decline in the indicator of slower domestic demand and lower costs of raw materials such as iron and crude oil.
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