(Yicai Global) June 12 -- China's consumer price index in May rose to 2.7 percent to hit a 15-month high, up from 2.5 percent in April. It marks the third consecutive reading above 2 percent.
The price of fruit rose by 10.1 percent monthly, to push CPI up by about 0.2 percent. The main reason is that stocks have been insufficient. There were also more rainy days in south China this year, and the supply of seasonal fresh fruits has fallen.
Editor: William Clegg