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China consumer prices rise 0.2% in May despite slow recovery

State lenders' cuts of deposit rates pave way for potential lower lending rates

BEIJING -- China's consumer prices broke a three-month fall to increase marginally in May, even as headwinds slow a post-COVID recovery amid market expectations for stimulus measures.

The consumer price index rose 0.2% from a year earlier, the National Bureau of Statistics reported Friday. An increase in food and services prices led to the uptick from 0.1% in April. But these were offset by a fall in transportation and telecommunication prices, reflecting subdued demand for travel despite the weeklong Labor Day holiday.

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