BEIJING: China’s annual inflation rose sharply in May to its highest level in four months, official data showed on Tuesday, easing concerns about deflationary risks in the world’s second-biggest economy.
The consumer price index increased 2.5 percent year-on-year last month, accelerating from 1.8 percent in April, the National Bureau of Statistics said in a statement. It was the highest figure since January also saw CPI rise 2.5 percent.
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