Asian Economic News

China April CPI +2.4% On Year

Consumer prices in China were up 2.4 percent on year in April, the National Bureau of Statistics said on Thursday.

That was slightly higher than forecasts for an increase of 2.3 percent following the 2.1 percent gain in March.

Producer prices were down an annual 2.6 percent, the bureau added, versus expectations for a contraction of 2.3 percent after dipping 1.9 percent in the previous month.

On a monthly basis, consumer prices were up 0.2 percent and producer prices eased 0.6 percent.

by RTTNews Staff Writer

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