China's CPI down 1.4% in May
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China's consumer price index (CPI), the major gauge of inflation, decreased 1.4% year on year in May, according to statistics released by the National Bureau of Statistics (NBS).
The CPI fell 1.5% from a year earlier in urban regions, while the CPI in rural areas dipped 1%, according to the statistics.
NBS said that food prices edged down 0.6% in May, while prices in non-food sectors slid 1.7%.
The price of meat dropped 15.5% year on year, while pork was down 32%. The price of edible oil dived 23.1% from a year earlier. There was a 0.9% increase in the price of aquatic products, a 5% increase in the price of grain, and a 22.2% surge in the price of vegetables.
The price of consumer products dropped 1.4% year on year, while that of services sank 1.3% from a year earlier.
China's CPI fell 0.3% in May compared with April. There was a 0.6% decrease in food prices and a 0.3% decline in housing prices.
During the first five months of this year, China's CPI declined 0.9% year on year overall. There was a 1.2% decrease in urban regions and a 0.4% drop in rural areas, said the NBS.
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