Con­sumer prices are high­est in four months

China Daily (Canada) - - NEWSCAPSULE -

China’s con­sumer prices in­creased at a four-month-high pace in May as the cost of food, es­pe­cially fresh fruits, in­creased.

The Con­sumer Price In­dex (CPI), a main gauge of in­fla­tion, in­creased 2.5 per­cent year on year in May, up from 1.8 per­cent in the pre­vi­ous month, ac­cord­ing to the Na­tional Bureau of Sta­tis­tics (NBS).

Ac­cel­er­ated in­creases in food prices were the main con­trib­u­tor to the higher CPI fig­ure. Food prices in­creased 4.1 per­cent year on year, nearly dou­ble the 2.3 per­cent in April, lift­ing the CPI fig­ure by 1.35 per­cent­age points.

In the food cat­e­gory, the price of fresh fruits surged 20 per­cent, boost­ing the CPI by 0.43 per­cent­age points.

On a monthly ba­sis, the CPI edged up 0.1 per­cent in May, with the prices for eggs, pork and fresh fruits jump­ing 9.5 per­cent, 5.6 per­cent and 2.1 per­cent from April re­spec­tively. (Photo 3)

ASIA NEWS PHOTO

A 3D street paint­ing at the Com­mu­ni­ca­tion Univer­sity of China, Nan­jing, stretches 365 me­ters (1,197 feet) long and is 7.5 me­ters wide, and oc­cu­pies more than 2,600 square me­ters. The paint­ing, Pulse­ofYouth, was cre­ated by artist Yang Yongchun and his team. It took more than two weeks to fin­ish. Ac­cord­ing to Yang, the work will break the Guin­ness World Record as the world’s long­est and largest 3D street paint­ing.

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