Meteorologia

  • 16 JUNHO 2024
Tempo
20º
MIN 16º MÁX 24º

Consumer price index up 0.3% in April in China

The consumer price index (CPI), the main gauge of inflation in China, rose 0.3 percent in April from a year earlier, quickening from a 0.1 percent increase in the previous month, data showed on Tuesday.

Consumer price index up 0.3% in April in China
Notícias ao Minuto

06:47 - 11/05/24 por Lusa

Economia Mercado

The indicator, released by the Chinese National Bureau of Statistics, also beat analysts' expectations, with the most common forecast pointing to a 0.1% year-on-year increase.

On a monthly basis, consumer prices rose 0.1%, reversing the trend seen in March, when the indicator fell by 1%, the largest drop in three years.

Experts expected the CPI to increase by 0.5% compared to March.

Chinese cabinet statistician Dong Lijuan highlighted the "continuous recovery in consumer demand", while noting that core CPI - a measure that excludes food and energy prices due to volatility - rose 0.7% year-on-year.

The expert also pointed to the 2.7% drop in food prices and the 3.6% growth in energy prices.

This is the third consecutive month in which the year-on-year CPI has been in positive territory, after registering a four-month deflationary trend at the end of 2023 and the beginning of this year.

Read Also: Britons suspected of spying for China to be tried in 2025 (Portuguese version)

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