CPI up 6.4% in June
China's inflation escalated to the highest level in three years amid lingering pressure, with the consumer price index (CPI), the main gauge of inflation, jumping 6.4 percent year-on-year in June, the National Bureau of Statistics (NBS) said Saturday.
The June inflation rate accelerated 0.9 percentage points from May's 5.5 percent which stood at a 34-month high, both far exceeding the government's annual inflation control target of 4 percent.
Of the 6.4-percent CPI growth in June, 3.7 percentage points were contributed by the carryover effect of price increases last year, the NBS said in a statement on its website.
PPI up 7.1% in June