Chinese Consumer Prices Rise 2.4%, Just Above Expectations
May 9, 2013, 07:02 IST
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Meanwhile, producer prices fell 2.6% YoY. Analysts had forecast a 2.3% fall.
Food prices were up 4%. Last month we saw pork prices fall 5.5%. The government has been purchasing pork for its national pork reserve to help bolster prices.
China has set an inflation target of 3.5% for 2013.