Inflation in China remained unchanged in May, while producer prices rose at a slower pace as coronavirus lockdowns caused problems in the logistics industry and weakened demand.
The consumer price index in China stood at 2.1% year-on-year in May and April.
Estimates spoke of 2.2%.
Food prices rose 2.3% in May from a year earlier, up from 1.9% in April.
Non-food prices rose 2.1%, slightly below the 2.2% rate in April.
Compared to April, the consumer price index fell 0.2% in May due to lower food prices and weaker consumption.
The producer price index rose 6.4% year-on-year in May from 8% in April, but slightly higher than the 6.3% increase expected by economists.
On a monthly basis, the producer price index rose 0.1% in May from April.
Source: Capital
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