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China May CPI growth steady at 1.8% YOY, PPI rises 4.1% YOY

China's consumer price index, or CPI, climbed 1.8% year over year in May, while the country's producer price index, or PPI, rose 4.1% compared to May 2017.

The rise in CPI was unchanged from April, while PPI was up 0.7 percentage point from the 3.4% increase in the previous month, National Bureau of Statistics data showed.

On a monthly basis, the CPI slipped 0.2% in May, with food prices falling 1.3% month over month, contributing about 0.26 percentage point to May's overall CPI decrease, as per the data. The PPI edged up 0.4% month over month, following a 0.2% fall in April.

The producer inflation was bolstered by a recent rise in commodity prices, according to Reuters.