Financial news

China’s May CPI up 2.7%, PPI up 0.6%

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Via China Daily

A couple visit a newly opened Hema Fresh store in Guangzhou, Guangdong province. [Photo provided to China Daily]

China’s consumer price index, the main gauge of inflation, rose 2.7 percent in May year-on-year, data from the National Bureau of Statistics showed on Wednesday.

China’s producer price index, which measures the cost of goods at the factory gate, rose 0.6 percent year-on-year in May, the NBS said.

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