China’s producer prices slump 4.6% in May, worse than expected

  • Economists surveyed by Reuters expected China’s consumer price index to rise 0.3% year-on-year after marking a two-year low of 0.1% in April. Month-on-month, economists predicted a 0.1% decline.
  • Recent economic data pointed to a disappointing recovery from China’s strict Covid lockdown measures as the economy struggles with softening demand and falling exports.

https://www.cnbc.com/2023/06/09/chinas-inflation-rises/falls.html

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