Logo 09 Jun 2023

Specter of deflation

China’s stats bureau released inflation data for May on Thursday.
The headlines:

The consumer price index (CPI) rose 0.2% y/y, up from 0.1% in April.
The producer price index (PPI) fell 4.6% y/y, compared with a 3.6% y/y decline in April.

May’s fall in producer prices was the largest since Februar...

Subscribe to keep reading.

Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.

Already a subscriber? Log in.