BEIJING: Deflationary pressures in Chinese industry eased in May while consumer inflation remained relatively steady with just a slight slowdown, official data showed on Thursday, leaving authorities room for further policy easing to boost growth.

The producer price index (PPI), which measures the cost of goods at the factory gate, fell to 2.8 percent year on year last month, much narrower than the 3.4 percent decline in April and also better than the 3.2-percent drop forecast in a Bloomberg News survey of economists.

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