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China’s consumer price inflation climbed to 2.7 per cent year-on-year in June, pushed by a 4.9 per cent rise in food prices.
After falling to 2.1 per cent in May, the CPI rose to 2.7 per cent in June led by 9.7 per cent year-on-year rise in fresh vegetable prices, the National Bureau of Statistics said.
Consumer inflation had climbed to a 10-month high of 3.2 per cent year-on-year in February but fell to 2.1 per cent in March and 2.4 per cent in April.
The producer price index, which tracks the wholesale inflation, dropped 2.7 per cent year-on-year in June, the bureau said.
The Government said it aimed to keep the annual consumer inflation at about 3.5 per cent after reporting 2.6 per cent last year.
China recorded weaker-than-expected economic growth of 7.7 per cent in the first quarter of this year, and many analysts expect the second-quarter growth to slow further to about 7.5 per cent. The country’s annual economic growth fell to 7.8 per cent last year, the slowest since 1999.
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