The Chinese mainland's consumer price index (CPI), a key measure of inflation, increased by 0.3 percent in May. This marks the fourth consecutive month of CPI growth, indicating ongoing inflationary trends. Additionally, the producer price index (PPI) experienced a narrower decline, suggesting a potential easing of costs for producers. The data, released by the National Bureau of Statistics (NBS), reflects the current economic conditions as the Chinese mainland navigates monetary policies to manage inflation.
Reference(s):
China's May CPI up 4 consecutive months; PPI decline narrows
cgtn.com
