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MNI BRIEF: China April CPI Edges Up To 0.3% Y/y

MNI (Singapore)
MNI (Beijing)
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China's Consumer Price Index rose by 0.3% y/y in April, higher than the previous 0.1% increase and outperforming the market consensus of 0.2%, data from the National Bureau of Statistics showed Saturday.

Non-food prices fuelled by increased traveling during the Qingming Festival contributed 0.77 pp to the CPI rise, while food prices fell 2.7% as the previous month dragged down the headline figure by 0.49 pp, according to the NBS. CPI rose 0.1% on a monthly basis, reversing the previous 1.0% decline.

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China's Consumer Price Index rose by 0.3% y/y in April, higher than the previous 0.1% increase and outperforming the market consensus of 0.2%, data from the National Bureau of Statistics showed Saturday.

Non-food prices fuelled by increased traveling during the Qingming Festival contributed 0.77 pp to the CPI rise, while food prices fell 2.7% as the previous month dragged down the headline figure by 0.49 pp, according to the NBS. CPI rose 0.1% on a monthly basis, reversing the previous 1.0% decline.

Keep reading...Show less