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China’s consumer inflation surges to the highest in 15-months, led by food inflation

  • Food inflation jumped 7.7 per cent in May from 6.1 per cent the previous month, the highest in over three years.
  • Supply disruptions triggered by falling inventories and rains in the south boosted food prices.

China’s consumer price index rose at an annual pace of 2.7 per cent in May from 2.5 per cent in April, on the back of soaring food prices, the National Bureau of Statistics announced on Wednesday. Escalating food prices, led by fruits and pork, is said to have pushed the headline inflation index by 0.86 percentage points.