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6/12, 3:33 AM (Source: TeleTrader)
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China's inflation reaches 2.7% in May

Consumer prices in China were up 2.7% in May compared to the same month the previous year, in line with expectations, a report from the National Bureau of Statistics said. On a monthly basis, the prices were unchanged.

Compared to April, food prices rose by 0.2%, while gasoline and diesel prices were up 2.0% and 2.2% respectively. Year-over-year, food prices went up by 7.7%, followed by education, culture and entertainment at at 2.6%, health care, which added 2.5%, and residential prices, rising 1.8%.

Meanwhile, the producer price index was up 0.6% in May year-on-year, and increased by 0.2% from April.

Breaking the News / DJ