China inflation stabilises in May as energy costs ease
Chinese consumer prices remained stable in May, as official data on June 10 showed the impact of soaring energy prices had started to fade, while increased demand for AI-linked tech goods pushed factory gate costs up for a third straight month.
The continued pick-up in inflation comes as figures on Tuesday revealed a surge in imports and exports fuelled by demand for tech components and machinery.
The consumer price index (CPI), a key measure of inflation, came in at 1.2 percent last month, according to the National Bureau of Statistics (NBS), the same as April and just slightly lower than the forecast in a Bloomberg survey of economists.
It remained far below the government's two-percent target for the year.
