China consumer prices hit 4-month high of 2.5%

Rise in pork prices, low base effect are the main drivers of inflation last month

CHINA'S consumer price index picked up and hit a four-month high of 2.5 per cent last month, easing deflationary concerns in the world's second-largest economy.

The number slightly beat market expectations of 2.4 per cent. In April, prices rose 1.8 per cent, sparking fears that inflation could fall into negative territory amid slowing economic growth.


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