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.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
by Renju Jaya
For comments and feedback: contact editorial@rttnews.com