The consumer price index (CPI) for the month rose 0.1%
year-on-year, slower than the 0.7% annual gain seen in March,
the National Bureau of Statistics (NBS) said. The result missed
the median estimate of a 0.4% rise in a Reuters poll.
The producer price index (PPI) fell for a seventh consecutive
month, down 3.6% from a year earlier after a 2.5% drop the
previous month. That compared with a forecast for a 3.2% fall.
China's economy grew faster than expected in the first
quarter thanks to the lifting of COVID curbs in December but the
recovery has been uneven. Recent data showed factory activity
contracted and imports fell in April.
(Reporting by Liangping Gao and Ryan Woo; Editing by Shri
Navaratnam)
BEIJING, May 11 (Reuters) - China's consumer prices rose
at a slower pace and missed expectations in April, while factory
gate deflation deepened, data showed on Thursday, suggesting
more stimulus may be needed to boost a patchy post-COVID
economic recovery.
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