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China Inflation April 2019

China: Inflation climbs to six-month high in April

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%.

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