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Surging fruit prices set to drive China’s consumer inflation higher

China's fruit prices have surged this year and analysts say the rises are expected to boost consumer inflation further in May after the fastest growth in six month in the previous month.

The average price of a basket of seven fruits surged last Friday to its highest in nearly five years, reaching 7.59 yuan per kg, up 23.33 per cent from the previous month and 33.4 per cent from the same day last year, according to data released by the Ministry of Agriculture and Rural Affairs.

Apple prices have climbed for nine consecutive weeks and the . . .

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