Econintersect: Food prices in China rose in May by 4.1% year-over-year, pushing the overall CPI (Consumer Price Index) up by 2.5%. This was the highest level of inflation in four months and was slightly above estimates. CPI rebounded from an 18-month low of 1.8% in April. Producer prices (PPI) contracted year-over-year for the 27th consecutive month, declining by 1.4% year-over-year. This was a slower rate of deflation than the 2.0% in April. But the deflation rate in May was similar to what was seen in much of the second half of 2013.
- China Inflation Quickens to Fastest Pace in 4 Months on Food (Xin Zhou, Bloomberg, 09 June 2014
- China Inflation Rate (Trading Economics, 10 June 2014)
- China Producer Prices Change (Trading Economics, 10 June 2014)