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CPI increase fueled by fruit, pork price rises

By Li Yang | China Daily | Updated: 2019-07-11 07:40

Editor's note: The consumer price index increased 2.7 percent year-on-year last month, the National Bureau of Statistics said on Wednesday. China Daily writer Li Yang comments:

The monthly CPI increase has stayed above 2 percent for four consecutive months. Like it or not, the inflation pressure is building up, although it still remains under control, as the CPI growth is mainly fueled by the rising prices of certain consumer goods not universal price hikes in the market.

It is noteworthy that the price of fruits skyrocketed 42.7 percent year-on-year last month, and the price of pork rose 21.1 percent, which contributed 0.71 and 0.45 percentage points of the CPI increase respectively.

CPI increase fueled by fruit, pork price rises

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