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macroJun 10, 2026, 6:34 AM

China’s May inflation data shows steady CPI, rising PPI

China’s May CPI held at 1.2% year-on-year while PPI climbed to 3.9%, confirming a continued reflation trend. Food and property prices are keeping headline inflation subdued for now.

China’s May inflation figures came in broadly aligned with expectations, with the Consumer Price Index (CPI) steady at 1.2% year-on-year and Producer Price Index (PPI) rising to 3.9%.

Food and property prices are currently helping to keep headline inflation in check, but broader price increases suggest the economy is moving from a deflationary phase into a period of low inflation. The data reinforces the narrative that China’s reflation trend is solidifying.

Source: FXStreet Forex News