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.
A rise in pork prices and a low base effect were the main drivers of inflation last month, figures released by the National Bureau of Statistics showed.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Aims Apac Reit posts 10.2% lower H2 DPU on enlarged unit base
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients