Chinese consumer price index rises at annual rate of 2.3% in April
The Chinese National Bureau of Statistics released its consumer and producer price inflation data for China on Tuesday. The Chinese consumer price index (CPI) rose at annual rate of 2.3% in April, missing expectations for a 2.4% increase, after a 2.3% gain in March.
Food prices rose at an annual rate of 7.4% in April, while non-food prices increased 1.1%.
On a monthly basis, consumer price inflation decreased 0.2% in April, after a 0.4% fall in March.
The Chinese producer price index (PPI) dropped 3.4% in April, beating expectations for a 3.8% fall, after a 4.3% decline in March.
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