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China's CPI up 0.2 pct in May

June 09, 2023


Abstract : China's consumer price index (CPI), a main gauge of inflation, edged up 0.2 percent year on year in May, the National Bureau of Statistics (NBS) said Friday.

BEIJING, June 9 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, edged up 0.2 percent year on year in May, the National Bureau of Statistics (NBS) said Friday.

The figure was higher than the 0.1-percent increase in April.

On a monthly basis, the prices were slightly down by 0.2 percent, expanding from the 0.1-percent decline in the previous month.

The core CPI, deducting food and energy prices, was up by 0.6 percent from a year earlier.

NBS statistician Dong Lijuan attributed the year-on-year price increase mainly to a high base in the corresponding period of 2022.

"In May, the CPI was generally stable," Dong said.

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Keyword: CPI China's economy

Reading:

China's consumer inflation remains mild in April

China's CPI up 0.1 pct in April

China dismisses deflation concerns, expects further demand recovery

China dismisses deflation concerns, sees basically stable market supply, demand

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