China's CPI records a slight increase in May 2023: NBS
11 Jun 23 1 min read
Insights
- China's consumer price index (CPI) increased by 0.2 per cent YoY in May 2023, a rise from the 0.1 per cent increase in April 2023, as per the National Bureau of Statistics (NBS).
- However, prices fell 0.2 per cent on a monthly basis.
- The country Core CPI, which excludes the volatile food and energy prices, in was up by 0.6 per cent YoY in May 2023.
This small growth in CPI was a slight improvement from the 0.1 per cent increment recorded in April.
The year-on-year (YoY) price increase was mainly due to a high base in the corresponding period of 2022, said Chinese media reports quoting the NBS.
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However, when compared to the previous month, the prices in May fell slightly by 0.2 per cent, a slight expansion from the 0.1 per cent decline reported in April.
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Notably, the core CPI, which excludes the volatile food and energy prices, experienced an uptick of 0.6 per cent from a year earlier.
Fibre2Fashion News Desk (DP)
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