China NBS released May inflation figures yesterday and deflation persists. The CPI:
In May 2024 , the national consumer price index rose by 0.3% year- on -year . Among them, the urban price rose by 0.3% and the rural price rose by 0.4% ; food prices fell by 2.0% , non-food prices rose by 0.8% ; consumer goods prices remained unchanged, and service prices rose by 0.8 % . — On average in May , the national consumer price index rose by 0.1% compared with the same period last year .
It is still quite broad-based
