{"id":493393,"date":"2026-06-15T05:56:37","date_gmt":"2026-06-15T05:56:37","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/493393\/"},"modified":"2026-06-15T05:56:37","modified_gmt":"2026-06-15T05:56:37","slug":"chinas-consumer-prices-see-may-uptick-as-oil-shock-inflates-factory-gate-costs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/493393\/","title":{"rendered":"China\u2019s consumer prices see May uptick as oil shock inflates factory-gate costs"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China\u2019s consumer inflation edged up in May from a year earlier, as the global oil shock linked to the US-Israel war on Iran helped alleviate some of the price effects from persistent weaknesses in household spending.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The consumer price index (CPI), a key gauge of inflation, rose by 1.2 per cent year on year in May, according to data from the National Bureau of Statistics (NBS) released on Wednesday.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The reading fell short of the 1.4 per cent increase estimated by economists in a survey by financial data provider Wind, and was unchanged from the 1.2 per cent increase observed in April. On a month-on-month basis, the CPI dropped by 0.1 per cent.<\/p>\n<p>The latest figures come as policymakers in Beijing, grappling with a prolonged downturn in the property market and <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3339062\/china-discourages-trend-chasing-among-officials-warning-involution?utm_source=copy-link&amp;utm_campaign=3339062&amp;utm_medium=share_widget?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">fierce competition within some industries<\/a> that has sent prices spiralling, attempt to revive consumer confidence and spur spending. Among the more popular measures is a nationwide trade-in programme for consumer goods, which has been renewed for 2026.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Meanwhile, the producer price index (PPI) \u2013 which tracks the cost of goods at the factory gate \u2013 rose by 3.9 per cent year on year.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">This beat the Wind estimate of a 3.5 per cent rise, and eclipsed the 2.8 per cent increase recorded in April.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s consumer inflation edged up in May from a year earlier, as the global oil shock linked to&hellip;\n","protected":false},"author":2,"featured_media":493394,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[5560,114,227441,1657,60394,6529,53642,184,85,46,227442,16643,29958,114027,162198,7037,114029],"class_list":["post-493393","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-beijing","tag-business","tag-changjiang-securities","tag-china","tag-china-international-capital-corporation","tag-consumer-price-index","tag-dong-lijuan","tag-economy","tag-il","tag-israel","tag-labour-day-holiday","tag-national-bureau-of-statistics","tag-producer-price-index","tag-shenwan-hongyuan-securities","tag-us-israel-war-on-iran","tag-wind","tag-zhao-wei"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/493393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=493393"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/493393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/493394"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=493393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=493393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=493393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}