The economy got a relief after the U.S. and China struck a preliminary deal in Switzerland that led both sides to drop a majority of respective tariffs.

The economy got a relief after the U.S. and China struck a preliminary deal in Switzerland that led both sides to drop a majority of respective tariffs.

The country’s consumer price index dropped by 0.1 per cent last month, while prices at the factory gate were down 3.3 per cent.

La Cina resta in deflazione a maggio, per il quarto mese di fila, scontando la debole domanda interna. (ANSA)

La Cina resta in deflazione a maggio, per il quarto mese di fila, scontando la debole domanda interna. (ANSA)

U.S. and China struck a preliminary deal in Geneva, Switzerland, last month that led both sides to drop a majority of tariffs.