OREANDA-NEWS  Consumer prices (CPI) in China decreased by 0.1% year-on-year in May, according to a report from the State Statistical Office (GSO).

The decline was noted for the fourth month in a row, with deflation also accounting for 0.1% in March and April.

Analysts on average predicted a 0.2% decline in prices last month, according to Trading Economics.

Food products in China fell by 0.4%. The cost of non-food products did not change, while clothing (+1.5%), educational services (+0.9%), and medical services (+0.3%) rose in price. Transportation services fell by 4.3%.

Consumer prices, excluding the cost of food and energy, increased by 0.6% in May compared with the same month in 2024.

The CPI index decreased by 0.2% last month compared to April.

In January-May, consumer prices decreased by 0.1% YoY.

Producer prices (PPI index) in China fell by 3.3% year-on-year in May after falling by 2.7% in the previous month, according to the GSU.

The consensus forecast was for a 3.2% reduction.

Producer prices fell for the 32nd consecutive month.

The PPI index dropped by 0.4% last month compared to April.

In January-May, producer prices decreased by 2.6% YoY.