China’s inflation remained close to zero in May as the economy’s recovery weakened, giving the central bank scope to ease monetary policy to spur growth.
The consumer price index rose 0.2% from a year earlier, the National Bureau of Statistics said Friday, in line with forecasts and up from 0.1% in April. Producer prices declined 4.6% on the back of lower commodity prices and weak domestic and foreign demand. Economists had expected a 4.3% decrease.
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