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China's CPI further expands to 2.7 pct in May
BEIJING, June 12 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, accelerated to 2.7 percent year on year in May, the National Bureau of Statistics (NBS) said Wednesday.The reading, in line with market expectations, moved up from the 2.5-percent expansion in April and hit a 15-month high. On a monthly basis, consumer prices remained flat last month, compared with the 0.1-percent increase in April.Food prices climbed 7.7 percent year on year last month, up from 6.1 percent in April, and on a monthly basis, the prices edged up 0.2 percent, according to the NBS.
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