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May CPI growth hits 34-month high, PPI up 6.8%
Source: Xinhua |
June 14, 2011, Tuesday
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The consumer price index, the main gauge of inflation, rose 5.5 percent year-on-year in May, the highest rate in 34 months, the National Bureau of Statistics said today.
CPI rose 5.2 percent year-on-year in the first five months of the year, NBS spokesman Sheng Laiyun said.
Food prices, which account for nearly a third of the basket of goods in the nation's CPI calculation, surged 11.7 percent in May from a year earlier. The pace of increase accelerated from April's 11.5-percent rise.
Growth in non-food prices also accelerated, rising by 2.9 percent in May from a year earlier, Sheng said. April's non-food prices increased 2.7 percent year-on-year.
Compared with April, food prices slid 0.3 percent in May, of which vegetable prices plunged 9.3 percent month-on-month.
The producer price index, a main gauge of inflation at the wholesale level, rose 6.8 percent in May from a year ago, unchanged from April's annual growth.
CPI rose 5.2 percent year-on-year in the first five months of the year, NBS spokesman Sheng Laiyun said.
Food prices, which account for nearly a third of the basket of goods in the nation's CPI calculation, surged 11.7 percent in May from a year earlier. The pace of increase accelerated from April's 11.5-percent rise.
Growth in non-food prices also accelerated, rising by 2.9 percent in May from a year earlier, Sheng said. April's non-food prices increased 2.7 percent year-on-year.
Compared with April, food prices slid 0.3 percent in May, of which vegetable prices plunged 9.3 percent month-on-month.
The producer price index, a main gauge of inflation at the wholesale level, rose 6.8 percent in May from a year ago, unchanged from April's annual growth.
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