China Energy Led PPI Increased Further In May While Core CPI Softened

China's May CPI remained stable at 1.2% yoy while PPI accelerated to 3.9% yoy, driven largely by energy and chemical cost increases.

Key Takeaways

• 1.China headline CPI remained flat at 1.2% yoy in May, as rising energy prices were offset by declining food prices.
• 2.Headline PPI inflation accelerated to 3.9% yoy in May, primarily driven by surges in chemical, energy, and coal costs.

Table of Contents

• Bottom line
• Key numbers
• Main points
• Disclosure Appendix