(Reuters) - Inflation quickened to 3.4 percent last month from 3 percent in April, the National Bureau of Statistics said on Tuesday. Food prices, which make up a third of the consumer basket, rose 8.3 percent from a year earlier and a shortage of pork caused meat prices to jump 26.5 percent.
The overall inflation figure was in line with forecasts, but Shanghai's main stock market index fell more than 2 percent at one point on expectations of tighter monetary policy before regaining ground.
Read more at Reuters.com Business News
The overall inflation figure was in line with forecasts, but Shanghai's main stock market index fell more than 2 percent at one point on expectations of tighter monetary policy before regaining ground.
Read more at Reuters.com Business News
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