(Reuters) - BEIJING, June 12 - Surging food prices boosted
China's annual consumer price inflation in May to a 27-month
high, extending a rising trend and reinforcing expectations
that interest rates will rise further.
Inflation quickened to 3.4 percent from 3.0 percent in
April, the National Bureau of Statistics said on Tuesday, as
food prices, which make up a third of the consumer basket, rose
8.3 percent from a year earlier and a shortage of pork caused
meat prices to jump 26.5 percent.
Read more at Reuters.com Economic News
China's annual consumer price inflation in May to a 27-month
high, extending a rising trend and reinforcing expectations
that interest rates will rise further.
Inflation quickened to 3.4 percent from 3.0 percent in
April, the National Bureau of Statistics said on Tuesday, as
food prices, which make up a third of the consumer basket, rose
8.3 percent from a year earlier and a shortage of pork caused
meat prices to jump 26.5 percent.
Read more at Reuters.com Economic News
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