China's consumer inflation slows to 14-month low in May, factory-gate deflation deepens

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China’s consumer inflation slowed to its lowest level in 14 months in May as food prices in particular pork prices, rose at a slower pace as the country’s African swine fever crisis showed further signs of tapering off.

The consumer price index (CPI), which measures the prices of a select basket of consumer goods and services, rose 2.4 per cent year-on-year last month, down from 3.3 per cent growth in April and marking the fourth consecutive month of deceleration, according to data released by the National Bureau of Statistics (NBS) on . . .

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