China's consumer price inflation increased in May but remained very weak and factory gate prices declined the most in more than seven years, leaving the door open for monetary policy easing to support the struggling economy.
Consumer price inflation rose to 0.2 percent in May from 0.1 percent in the previous month, the National Bureau of Statistics said Friday. However, this was slower than the expected rate of 0.3 percent.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.