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

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.