Consumer prices are highest in four months
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)
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.