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China’s consumer inflation hit 15-month high boosted by surging food prices, factory inflation moderated

China's consumer inflation grew at their fastest pace in 15 months in May, driven by surging prices of pork and fruit due to supply issues stemming from the outbreak of African swine fever and poor weather conditions. However, its factory inflation moderated in May amid sluggish commodity demand and faltering manufacturing activity.

The consumer price index (CPI) in May grew 2.7  per cent from a year earlier, the fastest pace since February 2018, in line with expectations but accelerating from a 2.5 per cent growth in April, said the National Bureau of Statistics.

The faster growth was . . .

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