China consumer prices fall for fourth straight month

BSS
Published On: 09 Jun 2025, 08:26

BEIJING, June 9, 2025 (BSS/AFP) - Chinese consumer prices fell for the fourth straight month in May, official data showed Monday, as weak spending continued to drag on the world's second-largest economy.

The consumer price index -- a key measure of inflation -- dropped 0.1 percent year on year, China's National Bureau of Statistics (NBS) said.

The reading was unchanged from April but slightly better than the 0.2 percent fall forecast in a Bloomberg survey of economists.

China has struggled to lift sluggish domestic consumption since the end of the pandemic, threatening official growth targets and complicating Beijing's ability to shield its economy from global trade turmoil sparked by US President Donald Trump's tariff blitz.

Deepening a slump that has now lasted more than two years, factory gate prices also dropped in May, the NBS said Monday.

The producer price index declined 3.3 percent, accelerating from a 2.7 percent drop in April, and faster than the 3.2 percent estimated in the Bloomberg survey.

 

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