China's consumer price index rose by 0.3 per cent in May compared with the same month last year. Analysts had on average expected an increase of 0.4 per cent.
The core inflation, excluding energy and food prices, rose 0.6 per cent. The producer price index fell by 1.4 per cent compared with May 2023.
The government in Beijing has struggled to boost household consumption in a period marked by falling property prices and a gloomy job market. The falling producer prices affect companies' profits, which in turn make them less inclined to invest.
