China: Inflation climbs to six-month high in April
May 9, 2019
Consumer prices rose 0.1% from the previous month in April, contrasting March’s 0.4% decrease. The increase was primarily driven by higher prices for household articles and services as well as for recreation, education and cultural services.
Inflation rose from March’s 2.3% to 2.5% in April. The print represented the highest reading in six months and was in line with the result that market analysts had expected. Annual average inflation inched up from March’s 2.0% to 2.1% in April.
Producer price inflation (PPI), meanwhile, rose from March’s 0.4% to 0.9% in April. The reading was above the market analysts’ expectations of 0.6%.