BEIJING-China’s consumer inflation rose at a faster clip in April, lifted by higher food prices, official data showed Wednesday.

China’s consumer price index rose 2.1% in April from a year earlier, picking up from March’s 1.5% increase, the National Bureau of Statistics said. Economists polled by The Wall Street Journal had expected growth of 2.0%.

In the first four months of the year, CPI increased 1.4%, well below China’s target of capping CPI under roughly 3% this year.

In April, food prices increased 1.9% from a year earlier, reversing from a 1.5% year-on-year fall in March. Non-food prices rose 2.2%, flat on March’s growth.

CPI increased 0.4% in April from March, the statistics bureau said.

Meanwhile, China’s producer price index, a gauge of factory-gate prices, rose 8.0% from the year-earlier period, down from an 8.3% increase in March but higher than 7.8% growth anticipated by economists in the WSJ poll.

On a monthly basis, PPI rose 0.6% in April from March.


Write to Singapore editors at [email protected]


Source: MarketWatch.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

IAN HERBERT: Minimal songs, no heroes and a relentless metronomic drum beat

IAN HERBERT: Minimal songs, no heroes and a relentless metronomic drum beat……
Uncategorized

MISDEMEANOR FROM HELL: Defiant Bannon Tells Biden He Picked The Wrong Target in Fiery Courthouse Speech.

Washington, D.C. – A defiant Stephen K. Bannon emerged from the D.C.…

Macaulay Culkin, Brenda Song spark marriage rumors with ring

Did Macaulay Culkin and Brenda Song get married? The couple sparked rumors…

Pep Guardiola jokes Manchester United fans should join in celebrations if Manchester City win title

Pep Guardiola jokes that Manchester United fans should JOIN IN with their…