China’s CPI rises by 2.7 percent in May

Thursday, 13 June 2019 11:21:31 (GMT+3)   |   Shanghai
       

In May this year, China’s consumer price index (CPI) indicated a year-on-year increase of 2.7 percent, up 0.2 percentage points compared to the year-on-year growth rate recorded in April, according to the data released by China's National Bureau of Statistics (NBS). Meanwhile, China’s consumer price index (CPI) remained stable on month-on-month basis in May.

Analysts indicated that food price rises contributed to the expansion of CPI growth. Although 2.7 percent is the highest growth rate since February 2018, CPI growth in the first five months this year was 2.2 percent, still lower the price control target of 3.0 percent for the whole year. 

 


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