June 9, 2015

 

China's CPI up 1.2% in May year-on-year

 

 

According to the latest statistics released by the National Bureau of Statistics, China's Consumer Price Index (CPI) has increased 1.2% year-on-year in May, with the CPI in urban and rural areas rose 1.3% and 1.0% respectively.  

 

Food prices have climbed up 1.6%, contributing a 0.54 percentage point increase of the index. Prices of meat (prices of pork had risen 5.3%, contributing a 0.15 percentage point increase of the index) and grain went up 3.1% and 2.4% year-on-year, contributing 0.22 and 0.07 percentage point increase of the index respectively.

 

Meanwhile, China's CPI for May has dropped 0.2% month-on-month, with prices of food decreased 0.9%. Meat prices (prices of pork rose 2.7%, contributing 0.08 percentage point increase of the index) increased 0.8% month-on-month, contributing 0.06 percentage point increase of the index.

 

Overall,China's CPI had risen 1.3% year-on-year for the first five months of this year.

Video >

Follow Us

FacebookTwitterLinkedIn