China's Inflation Remained Negative in May

China's main inflation indicators remained negative last month, as prices eased amid the slower pace of growth in the economy.

The consumer price index (CPI), the main gauge of inflation, registered a year-on-year decline of 1.4% in May, the National Bureau of Statistics (NBS) said Wednesday morning.

Meanwhile, the producer price index, another measure of inflation at the wholesale level, dropped 7.2% from a year earlier, the NBS added.

This is the fourth consecutive month that the two inflation indicators simultaneously made a year-on-year decline since the CPI and PPI respectively dropped 1.6% and 4.5% in February.

The CPI in April recorded a year-on-year decrease of 1.5%, and the PPI in April fell 6.6% from a year earlier.