China May CPI up 2.0 pct y/y, listed below forecasts

China’s consumer cost inflation
in May rose 2.0 percent from a year previously, the National Bureau
of Data said on Thursday, below market expectations. Analysts polled by Reuters had actually anticipated the customer price
index (CPI) would increase 2.3 percent, the very same speed as in April.

Manufacturer rates in May fell 2.8 percent from a year previously,
compared with market expectations for a drop of 3.3 percent and
a decline of 3.4 percent in April.

Deflationary pressures in China were a major concern for
financial markets and the central bank for much of 2015, but the
trend started showing signs of enhancing late in 2014.

( Reporting by Elias Glenn; Modifying by Kim Coghill).

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