Chinas CPI growth in April has written a new low for more than two years

China's official data shows that China's April Resident Consumer Price Index (CPI) has written a new low in more than two years, and industrial producers' factory price index (PPI) continues to decline.

The data released by the National Bureau of Statistics of China on Thursday (May 11) shows that China ’s CPI in April rose 0.1%year -on -year, the minimum growth rate since February 2021, and also increased by 0.7 year -on -year in March by 0.7%Increase.This data is also lower than Bloomberg and Reuters. Bloomberg expects that China will rise by 0.3%year -on -year in April, and Reuters is expected to rise by 0.4%.

Data also show that China's PPI in April fell 3.6%year -on -year, and it has fallen for seven consecutive months, and the decline has decreased by 2.5%year -on -year.This data is also inferior to the estimates of Bloomberg and Reuters.Bloomberg expects China's PPI in April to fall 3.3%, while Reuters is estimated to decrease by 3.2%.

According to the official website of the National Bureau of Statistics of China, Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics of China, explained that in April CPI and PPI data, in April, the Chinese market was abundant, and consumer demand gradually recovered. CPIThe month -on -month decreased by 0.1%, a year -on -year increase of 0.1%.The core CPI, which deduct food and energy prices, changed from flat to 0.1%from the previous month to 0.1%, up 0.7%year -on -year, and the increase was the same as last month.

When talking about PPI data, Dong Lijuan said that affected by factors such as the fluctuation of international commodity price, the overall demand of domestic and foreign markets, and the high comparison base of the same period last year, China's PPI decreased by 0.5%from the previous month, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year, year -on -year.Fall 3.6%.