April’s Inflation Numbers: CPI up 3.4%, PPI Down 0.7%

Source: NBS, NBS, ChinaScope Financial (Data)

+       Data published by the NBS this morning shows CPI up 3.4% in April, but down 0.2 ppt on March, in line with the market expectations. Food inflation was 7% while non food-food inflation was 1.7%.

+       PPI was down 0.7% in April and down 0.4 ppt on March. 

CPI was 3.5% in April, down 0.2 ppt from March’s 3.6%, PPI was negative 0.7%, down 0.4 ppt from March.

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