Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's CPI up 2.1 pct in May

June 10, 2022


Abstract : China's consumer price index (CPI), a main gauge of inflation, rose 2.1 percent year on year in May, the National Bureau of Statistics (NBS) said Friday.

A customer buys vegetables at a supermarket in Linquan County, east China's Anhui Province, May 11, 2022. (Photo by Lu Qijian/Xinhua)

BEIJING, June 10 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 2.1 percent year on year in May, the National Bureau of Statistics (NBS) said Friday.

On a monthly basis, the CPI edged down 0.2 percent thanks to effective COVID-19 control and a sufficient supply of consumer goods, noted Dong Lijuan, a senior statistician with the NBS.

Food prices reversed the 0.9-percent gain in April to fall 1.3 percent month-on-month, lowering the monthly consumer inflation by about 0.24 percentage points, according to the data.

Specifically, the price of pork, a staple meat in China, increased 5.2 percent in May over the previous month. Hog production has gradually tempered and stockpiling of pork to replenish state reserves continues, Dong said.

However, pork prices still registered a year-on-year drop of 21.1 percent, narrowing by 12.2 percentage points from the previous month.

Non-food prices rose 2.1 percent from a year earlier, compared to the 2.2-percent rise in April. The prices of gasoline, diesel, and liquified petroleum gas went up by 27.6 percent, 30.1 percent, and 26.9 percent year on year, respectively.

Friday's data also showed that China's producer price index, which measures costs for goods at the factory gate, rose 6.4 percent year on year in May.

Scan the QR code and push it to your mobile phone

Keyword: CPI

Reading:

Economic Watch: China's consumer prices see mild uptick, factory inflation narrows

China's CPI up 2.1 pct in April

China's balancing act on growth, inflation amid global price surge

Chinese economy shows strong resilience despite downward pressure in Q1

China's inflation remains stable despite headwinds

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial