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fxJun 10, 2026, 1:32 AM

China May CPI Misses Expectations at 1.2%

China's consumer price index rose 1.2% year-on-year in May, matching April's pace but below the 1.3% market forecast, according to the National Bureau of Statistics. The data may have implications for the Australian dollar.

AUDUSD

China's Consumer Price Index (CPI) rose 1.2% year-on-year in May, unchanged from the April reading and missing the 1.3% consensus, the National Bureau of Statistics reported Wednesday.

The print suggests subdued inflationary pressure in the world's second-largest economy. For forex markets, the miss could weigh on the Australian dollar given China's role as Australia's top trading partner and the AUD's sensitivity to Chinese economic data.

No immediate policy reaction has been signaled, but the soft CPI figure may reinforce expectations of continued accommodative measures from the People's Bank of China.

Source: FXStreet Forex News