China: Inflation inches up in April
May 9, 2015
In April, consumer prices fell 0.2% over the previous month, which followed the 0.5% drop tallied in March. The monthly reading mainly reflected a sharp decline in prices for food.
Annual inflation inched up from 1.4% in March to 1.5% in April. The print slightly undershot the 1.6% that market analysts had expected and represented a four-month high. As a result of the annual reading, the trend stabilized in April, with annual average inflation remaining at the previous month’s 1.7%.
Meanwhile, the producer price index fell 4.6% in April over the same month last year (March: -4.6 year-on-year), which exceeded the 4.4% decline that market analysts had expected. The annual average variation of the producer price index inched down from minus 2.5% in March to minus 2.7% in April, which represented the lowest value since March 2010.