The Wall Street Journal reports that China’s consumer-price index edged up 0.3% in May, unchanged from the increase recorded in April. They write:
China’s consumer prices rose mildly last month while its factory-gate prices continued to fall, suggesting persistently tepid demand as Beijing continues to try to lift lackluster consumption.
The country’s consumer-price index rose for a fourth consecutive month in May, edging up 0.3% from a year earlier, the National Bureau of Statistics said Wednesday. That matched the 0.3% expected by economists in a Wall Street Journal poll and was unchanged from April’s increase.
Factory-gate prices continued to fall in May but narrowed their decline from April. The producer-price index fell 1.4% from a year earlier, its 20th consecutive month of contraction. […]
New home sales have improved little despite more easing measures on home purchases and mortgage loans in top-tier cities, Nomura economists told clients in a Tuesday note.
In a sign that more policy support is in the pipeline, China’s cabinet, known as the State Council, on Friday urged officials to keep rolling out new policies to stabilize the market.
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