India, June 9 -- China's consumer prices declined for the fourth consecutive month and the decline in producer prices worsened in May, deepening deflation worries among policymakers as domestic demand remained weak despite taking enormous measures to boost consumption. Another report showed an increase in exports in May despite a sharp decline in shipments to the US due to trade tariff uncertainties, while imports posted a bigger-than-expected fall.
The consumer price index slid 0.1 percent year-on-year in May, the same pace of fall as seen in April, the National Bureau of Statistics said Monday.
This was the fourth consecutive month of decline but it was slower than the expected fall of 0.2 percent.
Core inflation that excludes prices o...