MNI BRIEF: BOJ Real Export Index in Q1 Falls 2.5% Q/Q

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1025 WEDS VS 7.1028

MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

MNI: UK MAR OUTPUT PPI +0.2% M/M, +0.6% Y/Y

Inflation data due at 7:00BST

Indonesian Sov Curve Steeper, Retail Sales Rose 3.5% y/y

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: China April CPI Slides, PPI Dips Further

MNI (Singapore)
(MNI) Beijing

China's Consumer Price Index registered a 0.1% y/y increase in April, lower than the market consensus of 0.3% y/y growth and down from March’s 0.7% y/y, data from the National Bureau of Statistics showed on Thursday.

The high-base effect, as well as sufficient supplies of fresh goods and falling fuel prices, drove the decline.

Food costs increased 0.4% y/y in April, down from March's 2.4% y/y growth. Among the components, poultry prices and fruit prices made the biggest two contributions by 6.7% y/y and 5.3% y/y. Pork prices, the main CPI driver, rose 4.0% y/y. Food costs contributed 0.07pp to CPI.

Service prices increased 1.0% y/y, up from the 0.8% y/y in March, due to soaring airfares and tourism costs, the NBS said. Core CPI, which excludes food and energy prices, rose 0.7% y/y in April, the same growth noted in March. On a monthly basis, CPI fell 0.1% m/m compared to March's 0.3% m/m decline.

The producer price index declined by 3.6% y/y from March's 2.5% y/y drop, according to the NBS. The reading missed the market consensus of a 3.3% y/y decline. PPI decreased 0.5% m/m due to fluctuated international commodity prices, together with weaker demand from overseas and domestic markets, the NBS said.

DataPolicy NewsAPACChinaData BriefData StoriesBriefStoryRegion
True
DataPolicy NewsAPACChinaData BriefData StoriesBriefStoryRegion
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.