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China April CPI Seen Rising Sharply: Daily

CHINA PRESS
MNI (Singapore)

China’s consumer price index will rebound above 2% with sharp price hikes in fruit, vegetables and eggs as logistics are constrained amid Covid lockdowns, the Economic Information Daily reported citing analysts. Domestic fuel costs have followed the declines in international oil prices as the Russia-Ukraine conflict has been basically priced in the market, the newspaper said. CPI will rise moderately in the following months as costs for goods remains high due to low upstream inventory and the tension in the supply chain, the newspaper cited analysts as saying. CPI rose 1.5% y/y in March.

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China’s consumer price index will rebound above 2% with sharp price hikes in fruit, vegetables and eggs as logistics are constrained amid Covid lockdowns, the Economic Information Daily reported citing analysts. Domestic fuel costs have followed the declines in international oil prices as the Russia-Ukraine conflict has been basically priced in the market, the newspaper said. CPI will rise moderately in the following months as costs for goods remains high due to low upstream inventory and the tension in the supply chain, the newspaper cited analysts as saying. CPI rose 1.5% y/y in March.