Latest news with #producerdeflation
Reuters
09-07-2025
- Business
- Reuters
China's consumer prices rise for first time in five months
BEIJING, July 9 (Reuters) - China's consumer prices rose for the first time in five months in June while producer deflation worsened, as the economy grapples with uncertainty over a global trade war and subdued demand at home. The consumer price index edged up 0.1% last month from a year earlier, reversing a 0.1% drop in May, National Bureau of Statistics data showed on Wednesday, above a Reuters poll prediction of an unchanged outcome. The CPI was down 0.1% on a monthly basis, versus a 0.2% decline in May, and in line with economist forecasts of a 0.1% drop. The producer price index fell 3.6% in June from a year earlier, worse than a 3.3% decline in May and the largest fall since July 2023. That compared with expectation of a 3.2% slide in the Reuters poll.
Yahoo
09-06-2025
- Business
- Yahoo
China's factory-gate deflation worst in 22 months as economic headwinds mount
BEIJING (Reuters) -China's producer deflation deepened to its worst level in almost two years in May while consumer prices extended declines, as the economy grappled with headwinds from trade tensions and a prolonged housing downturn. Uncertainties from a tariff war with the United States and weak consumption at home have rattled sentiment and fuelled expectations of more policy stimulus to combat deflationary pressures. The producer price index fell 3.3% in May from a year earlier, worse than a 2.7% decline in April and the deepest contraction in 22 months, National Bureau of Statistics data showed on Monday. That compared with an estimated 3.2% fall in a Reuters poll. Cooling factory activity highlights the impact of U.S. tariffs on the world's largest manufacturing hub, dampening faster services growth as suspense lingers over the outcome of U.S.-China trade talks set to resume in London on Monday. In a phone call on Thursday, U.S. President Donald Trump and Chinese leader Xi Jinping discussed trade tensions and critical minerals, leaving key issues for further negotiations. The consumer price index dipped 0.1% last month from a year earlier, after falling by the same amount in April and slightly better than a Reuters poll forecast of a 0.2% decline. CPI slid 0.2% on a monthly basis, compared with a 0.1% increase in April, and matched economists' predictions of a 0.2% decline. Retail sales growth slowed last month as spending continued to lag amid job insecurity and stagnant new home prices despite a recent raft of support measures. With households cautious about spending due to income pressures, some companies have resorted to price discounts to boost sales, prompting the authorities to urge an end to the auto industry's bruising price wars. The core inflation measure, excluding volatile food and fuel prices, registered a 0.6% year-on-year rise, slightly faster than a 0.5% increase in April
Reuters
09-06-2025
- Business
- Reuters
China's consumer prices extend decline for fourth month in May
BEIJING, June 9 (Reuters) - China's consumer prices fell for a fourth straight month in May while producer deflation deepened, as the economy faces headwinds from trade tensions and a prolonged housing downturn. The consumer price index dipped 0.1% last month from a year earlier, versus a 0.1% drop in April, National Bureau of Statistics data showed on Monday, slightly better than a Reuters poll forecast of a 0.2% decline. CPI slid 0.2% on a monthly basis, compared with a 0.1% increase in April, and matched economists' predictions of a 0.2% decline. The producer price index was down 3.3% in May from a year earlier, worse than a 2.7% decline in April and the deepest contraction in 22 months. That compared with an estimated 3.2% fall in a Reuters poll.
