Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
China-Built Tesla Model 3 to Go On Sale Friday
Ant May Join Race for Singapore Virtual Bank Licenses
Didi Chuxing to Test Robo-Taxi Service in Shanghai, CNBC Reports
LATEST
Chinese Officials Reveal New Details of Country’s 6G Research
Meituan Posts Second Consecutive Quarterly Profit
Making Reference to ‘State Secrets,’ China Moves to Restrict Vulnerability Disclosures
Huawei Lawyers Present New Legal Argument to Stop Meng Wanzhou Extradition To U.S.
Third Quarter Earnings Show Parcel Delivery Price War Rages On
China Won’t Arbitrarily Adjust Historical GDP Data, Statistics Official Says
NetEase’s Youdao Posts Both Soaring Revenues and Widening Losses in Q3 Earnings Report
Beijing Police Work With Private Company Sinogene to Admit Six Cloned Dogs
Chinese Bitcoin-Mining Firm Raises $90 Million in U.S. Listing
Tencent-Backed Yeahka to Seek $300 Million in Hong Kong IPO
Pinduoduo Shares Plunge After Report of Wider 3Q Loss
Billionaire Wang Jianlin’s Son Released From Spending Ban
China-Built Tesla Model 3 to Go On Sale Friday
U.S.-Blacklisted Chinese AI Firm to Seek Hong Kong IPO Approval: Report
Chinese Scammers Use WeChat More Than Any Other App to Conduct Online Fraud, Report Shows
China to Pilot Global On-Demand Broadband Project Next Year
New Reference Rates for Loans Edge Down in Line With Market Expectations
University President Responds to Allegation of Faking Scientific Results
Didi Expands Global Footprint With Taxi-Hailing Services in Japan, Costa Rica
Alibaba Prices Hong Kong IPO Shares at Around HK$176
China’s Consumer Inflation Hits 15-Month High on Soaring Fruit Prices

By Liu Jiefei / Jun 12, 2019 09:54 AM / Economy

China’s consumer price index (CPI) rose 2.7% year-on-year in May, hitting the highest level since last February, official data showed Wednesday. The reading was up from 2.5% growth in April, marking the third straight monthly increase.

The average price of fruits soared 26.7% year-on-year in May, up significantly from 11.9% growth in the previous month, contributing 0.48 percentage points to the CPI growth.

The producer price index (PPI) rose 0.6% year-on-year in May, down from a 0.9% increase in the previous month, according to data from the National Bureau of Statistics.

The CPI measures the prices of a select basket of consumer goods and services, while the PPI tracks the prices of goods circulated among manufacturers and mining companies.

Related: In Depth: Frost, Fever and Worms Sow Inflation in China’s Supermarkets

Contact Reporter Liu Jiefei (jiefeiliu@caixin.com)


Share this article
Open WeChat and scan the QR code