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China May CPI increases 5.5%

06-14-2011 10:07 BJT Special Report:China’s Economic Data for May |

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Full Video of Press Conference: China release major economic index

This morning, China's state statistics agency released the key indicators for May. The Consumer Price Index, the most closely-watched gauge of inflation, accelerated 5.5 percent in May compared with the same period last year, up from 5.3 percent in April. Experts say inflationary pressure for the country still remains high. Yin Hang breaks down the numbers.

National Bureau of Statistics spokesman, Sheng Laiyun, says CPI in May increased by 5.5 percent year-on-year, 0.2 of a percentage point higher than in April.  Food prices rose by 11.7 percent, while non-food prices increased by 2.9 percent.

The Consumer Price Index, the most closely-watched gauge of inflation,
accelerated 5.5 percent in May compared with the same period last year, up
from 5.3 percent in April.

Sheng said, "The pressure of rising prices will not disappear. In this situation, we cannot let our guard down, and we must keep controlling excessively-fast product price increases as a priority of our macro-control."

In the long run, experts predict there is a risk CPI could stay high in the second half of the year.

China's economic figures in May

The Producer Price Index, a gauge of wholesale inflation, saw a slight slowing. PPI rose by 6.8 percent in the month, 0.3 of a percentage point lower compared with the figure in April.

Full Video of Press Conference: China release major economic index
in May.
Watch Video>>

China PPI up 6.8 pct in May year on year
China's producer price index (PPI), a major measure of inflation at the wholesale level, rose 6.8 percent in May year-on-year, the National Bureau of Statistics said on Tuesday.
Full Story>>

China's industrial value-added output up 13.3 pct in May: NBS
China's industrial value-added output grew 13.3 percent year-on-year in May this year, the National Bureau of Statistics announced on Tuesday. Full Story>>

China's retail sales of consumer goods up 16.9 pct in May
China's retail sales of consumer goods rose 16.9 percent year-on-year to 1.47 trillion yuan (226.77 billion U.S. dollars) in May this year. Full Story>>

China's fixed asset investment up 25.8 pct in first five months
China's fixed asset investment rose to 9.03 trillion yuan (1.39 trillion U.S. dollars) in the first five months. Full Story>>

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Editor:Shi Jierui |Source: CNTV.CN

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