China: Inflation increases in April
May 10, 2017
In April, consumer prices rose 0.1% from the previous month, contrasting March’s 0.3% decrease. The reading mainly reflected a sharp increase in prices for health care and, to a lesser extent, for education, culture and recreation and residence.
Inflation rose from March’s 0.9% to 1.2% in April, coming in a notch above the 1.1% that market analysts had expected. Annual average inflation fell from March’s 1.8% to 1.7% in April, marking a 12-month low.
Meanwhile, producer inflation declined from March’s 7.6% to 6.4% in April. The print was below the 6.7% that the markets had expected. The annual average variation of the producer price index rose from March’s 1.8% to 2.6% in April, which represented the highest reading since May 2012.