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      China's CPI up 0.3% yoy in April, PPI growth still negative

      5:51pm 11 May, 2024 Ray Chen

      Guangzhou (JLC), May 11, 2024 – China's consumer price index (CPI), a main gauge of inflation, climbed 0.3% year on year in April, posting a year-on-year growth for a third straight month, data from the National Bureau of Statistics (NBS) showed.

       

      On a month-on-month comparison, the CPI rose 0.1% in April, back in the inflation zone.

       CPI, PPI

      Dong Lijuan, an NBS statistician, attributed the faster CPI growth to rises in non-food prices, which rose 0.9% year on year in April. Energy prices rose 3.6% year on year in the month, she said.

       

      The core CPI, which excludes food and energy prices, went up 0.7% year on year in April, Dong said.

       

      In January-April, the CPI rose 0.1% from the same period of last year, the NBS data showed.

       

      PPI growth still negative

       

      Meanwhile, China's producer price index (PPI), which measures factory-gate goods prices, fell 2.5% year on year in April, the NBS data showed.

       

      On a month-on-month comparison, the PPI dropped 0.2% in April, the NBS data indicated.

       CPI, PPI

      In January-April, the PPI dropped 2.7% from the same period of last year, the NBS data showed.


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