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China CPI growth eases to 3.4% in April
Source: Xinhua |
May 11, 2012, Friday
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Online Edition
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China's consumer price index (CPI), a main gauge of inflation, rose 3.4 percent year on year in April, the National Bureau of Statistics announced this morning.
The growth eased slightly from the 3.6-percent rate registered in March. It hit a 20-month low of 3.2 percent in February.
The country's CPI climbed 3.8 percent in the first quarter compared with the previous year. On a monthly basis, CPI edged down 0.1 percent in April, the bureau said.
Food prices, which account for nearly one-third of the weighting in the calculation of China's CPI, increased 7 percent last month from one year earlier.
Meanwhile,China's Producer Price Index (PPI), a main gauge of inflation at the wholesale level, fell 0.7 percent in April from a year earlier, the bureau said.
The data marked another month of year-on-year decline after China's PPI saw a drop in March for the first time since December 2009, NBS data showed.
On a month-on-month basis, the country's PPI in April grew 0.2 percent, the bureau said in a statement on its website.
In April, producer purchase prices went down 0.8 percent year on year and stayed flat on a monthly basis, the bureau said.
In the first four months of this year, the PPI edged down 0.1 percent year on year, while producer purchase prices gained 0.6 percent, it said.
The growth eased slightly from the 3.6-percent rate registered in March. It hit a 20-month low of 3.2 percent in February.
The country's CPI climbed 3.8 percent in the first quarter compared with the previous year. On a monthly basis, CPI edged down 0.1 percent in April, the bureau said.
Food prices, which account for nearly one-third of the weighting in the calculation of China's CPI, increased 7 percent last month from one year earlier.
Meanwhile,China's Producer Price Index (PPI), a main gauge of inflation at the wholesale level, fell 0.7 percent in April from a year earlier, the bureau said.
The data marked another month of year-on-year decline after China's PPI saw a drop in March for the first time since December 2009, NBS data showed.
On a month-on-month basis, the country's PPI in April grew 0.2 percent, the bureau said in a statement on its website.
In April, producer purchase prices went down 0.8 percent year on year and stayed flat on a monthly basis, the bureau said.
In the first four months of this year, the PPI edged down 0.1 percent year on year, while producer purchase prices gained 0.6 percent, it said.
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