China Consumer Prices Rise 2 Pct On-Year in May vs Expectations of a 2.3 Pct Rise: Reuters

Price pressures in the world’s most populous country eased last month on the back of falling food prices, data on Thursday showed.

The government’s consumer price index (CPI) rose an annual 2 percent, slower than April’s 2.3 percent expansion and missing forecasts for a 2.3 percent increase, Reuters reported.

Food prices, a major component of the index, rose 5.9 percent compared to the same period a year ago, lagging April’s 7.4 percent expansion.


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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.