China's consumer prices registered a steady increase in May and factory gate inflation slowed as expected to the lowest level in more than a year, official data revealed on Friday.
According to data published by the National Bureau of Statistics, consumer price inflation held steady at 2.1 percent in May, while economists had expected a slight increase to 2.2 percent.
Core inflation that excludes food and energy also remained unchanged in May, at 0.9 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.