The consumer price index, China’s benchmark of inflation, fell by 1.1 per cent yearon- year in May, China Daily said. This followed a 1.3 per cent fall in April and was the seventh consecutive monthly fall.
Prices in urban areas were 1.4 per cent lower than at the same time last year, while those in rural areas were only 0.4 per cent lower. The overall fall over the first five months of this year was 0.8 per cent.
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