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China's Inflation At Five-Year High Driven By Rising Food Costs
date:Jun 11, 2014
China's inflation jumped to 2.5% in May, driven by higher food prices, according to the latest government data.

The rate of inflation is now at a five-month high, the figures showed.

However, inflation is lower than the Communist Party's target of 3.5% for 2014.

Analysts believe Chinas ruling party will introduce interest rate cuts or other measures to stimulate the economy.

Inflation for the month of May rose 0.7% on the previous month, assisted by a 4.1% increase in food prices.

Julian Ev

12/26 01:53