China's Slow Consumer Inflation, Deepening Factory Gate

11 May 2023

China's consumer prices rose at the slowest pace in more than two years in April, while factory gate deflation deepened, suggesting more stimulus may be needed to boost a patchy post-COVID economic recovery. According to data released by China's National Bureau of Statistics (NBS), the consumer price index (CPI) in April rose 0.1% year-on-year, the lowest rate since February 2021, and cooling from the 0.7% annual gain seen in March. The producer price index (PPI) fell at the fastest clip since May 2020 and was down for a seventh consecutive month, declining 3.6% year-on-year after a 2.5% drop in the previous month.
Source: Reuters
Post by: Republic of Türkiye Ministry of Trade