CPI Consumer Price Index News
- China's consumer price index rises 3.4 percent in May
Date: 12-Jun-2007 Sources: (Xinhua Online)
BEIJING, June 12 (Xinhua) -- China's consumer price index (CPI) rose 3.4 percent in May compared with the same period of last year, the National Bureau of Statistics said on Tuesday.
The index, one of the key indicators of inflation, was 0.4 percentage up from April, the bureau said.
Food price hikes were still the leading driver of inflation.
The food prices in May jumped 8.3 percent from a year earlier, up from a 7.1 percent increase year-on-year in April. Meanwhile, grain prices rose 5.9 percent, down from 6.1 percent from April, the bureau said.
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