The Consumer Price Index (CPI), a key indicator of inflation in China, rose 0.3% year-on-year in April, up from 0.1% recorded a month earlier.
Indicator, released this Saturday Office for National Statistics (ONE) of the Asian country, was also More than analysts expected, The most widely-held forecast is for an increase of 0.1% year-on-year.
Compared to the month, consumer prices increased by 0.1%Thus reversing the trend noted in March, the index recorded a 1% drop, the biggest in three years.
According to Efe agency, experts expect the CPI to increase by 0.5% compared to March.
A statistician, Dong Lijuan, exemplifies this “Continued recovery in consumer demand”, While pointing out that Basic C.P.I A measure that excludes food and energy prices due to their volatility— It advanced 0.7% year-on-year.
The expert further emphasized A 2.7% fall in food prices and growth in energy prices, up to 3.6%.
about this The year-on-year CPI was in positive territory for the third month in a rowAfter that, at the end of 2023 and at the beginning of this year, it recorded four consecutive months of deflation.
ONE also disclosed Producer Price Index (PPI)It measures industrial prices and fell 2.5% compared to April last year, a moderate drop of 0.3 points from the previous month.
These data are in line with what experts predicted.
Dong said “Recovery of Industrial Production Continues”Although he warned of “falling demand in some sectors”.
