Saturday, June 18, 2011

China's consumer price index grows by 5.5 per cent in May 2011

From http://news.xinhuanet.com/english2010/china/2011-06/14/c_13928164.htm (in English)

China's consumer price index (CPI) rose to its highest level in the last 34 months, reaching a 5.5% growth year-on-year. In the first five months of 2011, the CPI has grown by 5.2% year-on-year. These already high inflation rates are expected to even rise a little bit above 6% in June, according to experts. Food prices, which account for almost one third of the basket of goods for the calculation of CPI, increased by 11.7% in May from a year earlier, whereas the growth of non-food prices also increased by 2.9% in the same period.

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