China’s CPI rose 0.1% in April, down 0.6 percentage points from the previous month, according to data released by the Chinese National Bureau of Statistics on May 11. Tong Lichuen, chief statistician of the Urban Division of the Chinese National Bureau of Statistics, said that in April, the market supply is generally sufficient, and consumer demand gradually recovered. The CPI fell 0.1% month-over-month and increased 0.1% from the same period last year.
Food prices rose 0.4% in April, the data showed, and the increase was 2 percentage points lower than the previous month. Non-food prices increased by 0.1% and the growth rate declined by 0.2 percentage points. In April, the National Industrial Producer Price Index (PPI) stood at 3.6% from the same period last year, impacted by factors such as fluctuating international commodity prices, weak domestic and overseas market demand, and a higher comparison base than the same period last year. fallen.
(Credits- China Media Group, Beijing)
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