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China's rising CPI points to domestic demand recovery
China's consumer prices gained for the fourth straight month in May in the latest sign of a steady domestic demand recovery, official data showed Wednesday. The consumer price index (CPI), a main gauge of inflation, was up 0.3 percent year on year last month, said the National Bureau of Statistics (NBS). The core CPI, deducting food and energy prices, went up 0.6 percent to keep the upward trajectory. "The consumer market continued its stable performance in May," NBS statistician Dong Lijuan said. Non-food prices rose 0.8 percent year on year due in part to higher energy and service prices, while automobile prices ... (full story)