Consumer inflation in China hit a six-month high in April, mainly driven by rising food prices, showed National Bureau of Statistics (NBS) data, reported Caixin.
China’s consumer price index, which measures the prices of a basket of consumer goods and services, rose 2.5% year-on-year in April, a high not seen since an identical growth rate last October, according to the (NBS). The reading was up from a 2.3% rise the previous month.
The producer price index, which tracks the prices of goods circulated among manufacturers and mining companies, inched up 0.9% year-on-year, the highest in four months, NBS data showed. That compared with a 0.4% increase in March.