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