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China May consumer prices up 2 pct year on year

CCTV.com

06-09-2016 11:30 BJT

China's consumer inflation in May rose less than in April while producer inflation recovered. According to data released by the National Bureau of Statistics,  the May consumer price index rose 2 percent from a year ago. That's slower than a 2.3 percent increase in April and also below the official target of 3 percent.

The May figure indicates persistently sluggish demand and deflationary pressure. The government also released May's producer price index. It dipped 2.8 percent from a year ago and is less than a 3.4 percent decline in April, indicating easing pressure on the supply side.

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