China Inflation Rate Rises to 2.5% in May
China's consumer prices rose 2.5 percent over a year earlier in May, up from April's 1.8 percent increase. This was the highest figure in the last four months. The politically sensitive food prices increased 4.1 percent from the previous month's 2.3 percent.
In May, the biggest increases were reported for prices of services (2.7 percent), clothing (2.5 percent), housing (2.3 percent) and recreation, education and culture (2.1 percent). For the 2014, the government has set inflation around 3.5 percent.
Month-on-month inflation rose to 0.1 percent compared with 0.3 percent decline in April.
Producer prices declined by 1.4 percent from a year earlier compared with April's 2 percent drop.
6/10/2014 9:11:59 AM