Price pressures in the world’s most populous country eased last month on the back of falling food prices, data on Thursday showed.
The government’s consumer price index (CPI) rose an annual 2 percent, slower than April’s 2.3 percent expansion and missing forecasts for a 2.3 percent increase, Reuters reported.
Food prices, a major component of the index, rose 5.9 percent compared to the same period a year ago, lagging April’s 7.4 percent expansion.
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