The Chinese CPI consumer price index has risen to 1.3% yoy in May versus 1.6% expected and give 0.9% from the previous month.
On a monthly basis, the May data has fallen to -0.2% compared to the -0.1% expected and -0.3% previously.
Meanwhile, the Chinese producer price index PPI has reached 9.0%, above the 8.5% expected and rising from the previous 6.8%. This is the fastest growth rate since 2008.
China vows to control corn, wheat and pork prices after the increase in the PPI and to keep the prices of goods linked to livelihoods stable.
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