BEIJING – China's factory gate prices fell faster than expected in May, as faltering demand weighed on manufacturing, impeding the fragile economic recovery, and consumer inflation missed expectations, data showed on Friday. The producer price index (PPI) for May fell for an eighth consecutive month, down 4.6 percent, the National Bureau of Statistics (NBS) said. Economists in a Reuters poll had predicted a 4.3- percent fall. The consumer price index (CPI) rose 0.2 percent year-on-year after a 0.

https://business.inquirer.net/404593/chinas-factory-gate-deflation-deepens-in-may

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