Inflation in China in May was 1.8% in annual terms

In May, consumer prices in China rose in annual terms by 1.8% in the same way as in April, according to the Office for National Statistics of China. May inflation coincided with forecasts of analysts. Food products went up by 0.1% after appreciation of 0.7% a month earlier. The rise in prices for non-food items accelerated to 2.2% in annual terms from 2.1% in April. The CPI index fell by 0.2% after a decrease of 0.7% a month earlier. Raw materials rose in price by 7.4% after the rise in prices by 5.7% in the previous month. Excluding the price of food and energy, the index rose in May by 1.9% in annual terms after rising 2% in April. The increase in producer prices accelerated to 4.1% from 3.4% in April.

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