China's consumer price index rose 2.4% in May, said the National Bureau of Statistics, easing from 3.3% a month earlier on falling food prices.as the coronavirus outbreak brought activity to a near-standstill while authorities worked to curb its spread., has depressed demand across many of China's key trading partners, forcing companies to charge less for their products.
Martin Rasmussen of Capital Economics noted the PPI change was driven by"an across-the-board decline in raw materials, manufactured goods, and consumer goods price inflation." Rasmussen added,"The weakness in price pressures should ease in the coming months, as the ongoing ramp-up in policy stimulus drives a further recovery in activity."
May China 🇨🇳 continue to crumble. Karma is also political.
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