FOREX TradingCharts.com

Financial News: China Consumer Prices Rise At Steady Pace; Factory

China Consumer Prices Rise At Steady Pace; Factory Gate Inflation Slows

06/10/2022 - 03:59:00 (RTTNews)

(RTTNews) - China's consumer prices registered a steady increase in May and factory gate inflation slowed as expected to the lowest level in more than a year, official data revealed on Friday.

According to data published by the National Bureau of Statistics, consumer price inflation held steady at 2.1 percent in May, while economists had expected a slight increase to 2.2 percent.

Core inflation that excludes food and energy also remained unchanged in May, at 0.9 percent.

Food prices gained 2.1 percent from a year ago and non-food prices were up 2.3 percent in May, data showed.

Month-on-month, overall consumer prices dropped 0.2 percent due to the monthly fall in food prices. Consumer prices were forecast to drop 0.3 percent.

Producer prices posted an annual increase of 6.4 percent in May, slower than the 8.0 percent increase in April. The rate came in line with economists' expectations.

Consumer price inflation is set to remain below the government's target of 3 percent, leaving room for the People's Bank of China to ease policy further to support growth, economists at Capital Economics, said.

The economists noted that factory gate inflation will continue its downward trajectory throughout the rest of the year. Looking through the uncertainty caused by the war in Ukraine, global commodity prices will end the year lower and also base effects will weigh on the headline PPI rate.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hungary Trade Balance Swings To Deficit (48 min(s), 53 sec(s) ago)
(RTTNews) - Hungary's trade balance swung to a deficit in April, as imports rose more than exp ...Full Story»

Poland Inflation Accelerates In June (44 min(s), 53 sec(s) ago)
(RTTNews) - Poland's consumer price inflation continued to increase in June, mainly driven by ...Full Story»

Austria Inflation Highest Since September 1975 (47 min(s), 53 sec(s) ago)
(RTTNews) - Austria's consumer price inflation rose to the highest level since September 1975, ...Full Story»

U.S. Construction Spending Unexpectedly Edges Down 0.1% In May (25 min(s), 53 sec(s) ago)
(RTTNews) - Reflecting a decrease in spending on public construction, the Commerce Department rele ...Full Story»

U.S. Manufacturing Index Drops To Two-Year Low In June (14 min(s), 53 sec(s) ago)
(RTTNews) - The Institute for Supply Management released a report on Friday showing its reading on ...Full Story»

Mexico Business Confidence Weakens In June (59 min(s), 53 sec(s) ago)
(RTTNews) - Mexican business confidence decreased for the second straight month in June, though sl ...Full Story»

Eurozone Inflation Reaches New Record High (29 min(s), 53 sec(s) ago)
(RTTNews) - Eurozone inflation accelerated further to a new record high in June, while core inflat ...Full Story»

Amended: Brazil Producer Price Inflation Rises In May (27 min(s), 53 sec(s) ago)
(RTTNews) - Correction: The latest data available is for May Brazil's producer price infl ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hungary Trade Balance Swings To Deficit

07/01/2022 - 12:24 PM (RTTNews)
(RTTNews) - Hungary's trade balance swung to a deficit in April, as imports rose more than exp ...Full Story>>

Austria Inflation Highest Since September 1975

07/01/2022 - 12:23 PM (RTTNews)
(RTTNews) - Austria's consumer price inflation rose to the highest level since September 1975, ...Full Story>>

Poland Inflation Accelerates In June

07/01/2022 - 12:20 PM (RTTNews)
(RTTNews) - Poland's consumer price inflation continued to increase in June, mainly driven by ...Full Story>>

U.S. Construction Spending Unexpectedly Edges Down 0.1% In May

07/01/2022 - 11:01 AM (RTTNews)
(RTTNews) - Reflecting a decrease in spending on public construction, the Commerce Department rele ...Full Story>>

U.S. Manufacturing Index Drops To Two-Year Low In June

07/01/2022 - 10:50 AM (RTTNews)
(RTTNews) - The Institute for Supply Management released a report on Friday showing its reading on ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.