Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's consumer inflation eases to 3.3 pct in April

May 12, 2020


Abstract : China's consumer inflation eased in April on falling food prices as the country fast-tracks restoration of economic activities amid consolidated epidemic containment efforts, official data showed Tuesday.

BEIJING, May 12 (Xinhua) -- China's consumer inflation eased in April on falling food prices as the country fast-tracks restoration of economic activities amid consolidated epidemic containment efforts, official data showed Tuesday.

China's consumer price index (CPI), the main gauge of inflation, grew 3.3 percent year on year last month, moderating from the 4.3-percent gain in March, according to data from the National Bureau of Statistics.

On a monthly basis, consumer prices went down 0.9 percent. Food prices, which account for nearly one-third of weighting in China's CPI, dropped 3 percent last month.

In breakdown, vegetable prices fell 8 percent from March over rising supplies as the weather warms, and pork prices continued to retreat amid recovering hog production. Prices of the staple meat in China dropped 7.6 percent in April from a month earlier.

Compared with the same period last year, food prices remained the main driver of consumer inflation in April, while its growth rate tapered from March to 14.8 percent.

In the first four months of this year, CPI went up 4.5 percent year on year on average.

Tuesday's data also showed China's producer price index, which measures inflation at the factory gates, fell 3.1 percent year on year last month. Enditem

Scan the QR code and push it to your mobile phone

Keyword: China economy consumer inflation

Reading:

China's factory-gate prices continue to fall in April

China's passenger car sales warm up, uncertainties remain

China to support commercial circulation firms in consumption promotion

China to ease rent burden on small service-sector firms

China central bank says no foundation for sustained inflation, deflation

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial