China’s consumer prices rise for 3rd month, factory deflation persists

CHINA’S consumer prices rose for a third straight month in April while producer prices extended their declines, suggesting resilient domestic demand despite a shaky economic recovery.

The consumer price index (CPI) in April edged up 0.3 per cent from a year earlier, accelerating from a 0.1 per cent rise in March, data from the National Bureau of Statistics (NBS) showed on Saturday (May 11). That was above the 0.2 per cent rise forecast in a Reuters poll.

CPI rose 0.1 per cent from the previous month, reversing a 1 per cent drop in March and above a 0.1 per cent decline predicted by economists.

The producer price index (PPI) in April dropped 2.5 per cent from a year earlier, easing from a 2.8 per cent slide the previous month and compared with a forecast 2.3 per cent decline. REUTERS