China Consumer Prices Slip 0.1% On Year In May

(RTTNews) - China's overall inflation was down 0.1 percent on year in May, the National Bureau of Statistics said on Monday.

That beat forecasts for a decline of 0.2 percent but was unchanged from the April reading.

On a seasonally adjusted monthly basis, consumer prices fell 0.2 percent - in line with expectations and down from 0.1 percent in the previous month.

The bureau also said that producer prices stumbled 3.3 percent on year versus forecasts for a drop of 3.1 percent after falling 2.7 percent a month earlier.