Major inflationary pressure unlikely this year

China is unlikely to face major inflationary pressure this year, despite the consumer price index, a primary barometer of inflation, hitting a 15-month high in May, analysts said on Wednesday.

The nation's CPI rose for the third consecutive month to 2.7 percent year-on-year last month, the highest since March 2018, the National Bureau of Statistics said on Wednesday.

The reading quickened from 2.5 percent for April, as tighter supplies of fruit, pork and vegetables drove up food prices by 7.7 percent year-on-year, the NBS said. Non-food prices saw a mild increase of 1.6 percent over the same period.