China May consumer inflation eases, factory prices stay soft

China's consumer inflation eased in May, while producer prices fell for the 38th straight month, raising concerns about growing deflationary pressures as the economy cools. Analysts polled by Reuters predicted consumer prices would rise 1.3% compared with 1.5% the prior month.

The producer price index fell 4.6%, the National Bureau of Statistics said on Tuesday, flat against the previous month but missing market expectations for a slide of 4.5%. Worried about China's economy, where growth cooled to a six-year low of.

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