Inflation reports released by the Chinese National Bureau validated a central bank action last week, when rates were reduced to reinvigorate sagging growth.
Government data released on Saturday evealed that the consuner price index for China rose by 3 percent year-over-year in May compared to a 3.4 rate in the previous month. Economists had expected inflation to cool off to a 3.2 percent.
The cool off reflected the thawing in food price inflation to 6.4 percent, while the increase in non-food prices also slowed to 1.4 percent.
Meanwhile, producer prices declined 1.4 percent year-over-year compared to the 0.7 percent drop in April and the 1.1 percent decline expected by economists.
Retail sales rose 13.8 percent in nominal terms and by 11 percent in real terms. At the same time, private fixed asset investments for the first five months of the year rose 26.7 percent year-over-year in nominal terms
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.