China Consumer Deflation Persists Despite Spending Boost Over Holidays - Bloomberg


China experienced its fourth consecutive month of consumer deflation in May despite increased spending during national holidays, highlighting persistent weak domestic demand and intensifying price wars.
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Chinaโ€™s consumer deflation extended into a fourth month, as price wars intensified while a spending boost during two national holidays failed to offset the drag from weak domestic demand.

The consumer-price index fell 0.1% in May from a year earlier, the National Bureau of Statistics said Monday. Factory deflation persisted into a 32nd month, with producer prices falling the most in nearly two years.

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