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GD's CPI rose 2%, much lower than the national level
Latest Updated by 2007-06-14 11:24:48
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Guangdong's consumer price index (CPI) rose 2% in May, much lower than the national level of 3.4%, according to the Bureau of Statistics.

Experts said that the dramatic decline in fruit and vegetable prices has offset the pork and egg price hikes.

The national consumer price index (CPI) rose 3.4 percent in May over the same month of last year, the highest monthly rise in two years, adding pressure for an interest rate hike.

Food price hikes were the leading driver of inflation, rising 8.3 percent over May last year. Grain prices rose 5.9 percent, meat and poultry 26.5 percent, and eggs 37.1 percent.

Editor: Yan

By: Source: newsgd.com
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