Guangzhou City Survey Unit reports that in May, Guangzhou's consumer price level fell 0.6 percent from that of April, with the price of consumer goods down by 0.3 percent and the price of services by 1.4 percent. However, the consumer price level was up 2.0 percent year-on-year, with the cost of services up 2.3 percent and consumer goods 1.9 percent. In addition, the boost of city residents' purchasing power made Gold999 per gram exceeding RMB 200, RMB 230 at its most.

With the May Day golden week holiday, Mother's Day and World Telecommunication Day all falling in May, stores took the opportunity to hold sales, offering some household appliances, telecommunication products and clothes at lower prices. Influenced by the rise of international gold prices, the cost of items made of gold on sale in May, in Guangzhou rose by 12.9 percent over April.

Editor: Yan