According to the data released by China National Bureau of Statistics on Jun. 12, China’s Consumer Price Index (CPI) kept a year-on-year growth speed equaling to that of last month -- 0.3%, but declined by 0.1% as compared with last month.

The statistics showed that the price of foods was in a year-on-year decline of 2.0% in May, down 0.7% than that of last month. But, the prices of pork, freshwater fish and vegetables, saw a larger growth, respectively of 4.6%, 3.3% and 2.3%. Meanwhile, the prices of egg, fruit and edible oil declined respectively by 8.5%, 6.7% and 5.1%, at a slower speed, and the prices of beef, mutton and poultry declined respectively by 12.9%, 7.5% and 2.9%, at a sharper speed.

In May, the prices of non-food products increased by 0.8% year on year, with the  growth rate lower 0.1% than that of last month. The price of energy grew by 3.4%. The price of industrial consumer price (excluding energy product) saw the growth of 0.1%. Specifically, the prices of new-energy automobile and fuel-powered automobile declined respectively by 6.9% and 5.2%, while the price of services rose at a speed of 0.8%, among which that of household service and that of education service both rose by 1.8%.

In May, China’s Industrial Producer Price Index (PPI) was in a year-on-year decline of 1.4%, with the rate being 1.1% less than that of last month. And, the Index in May itself increased by 0.2% as compared with April.

Reference: xinhuanet

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