Mainland inflation increases in April - RTHK
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Mainland inflation increases in April

2024-05-11 HKT 13:12
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  • The National Bureau of Statistics says household consumption demand is continuing to rebound. File photo: Shutterstock
    The National Bureau of Statistics says household consumption demand is continuing to rebound. File photo: Shutterstock
China's inflation rate quickened last month, according to official data released on Saturday.

The consumer price index (CPI) rose by 0.3 percent year-on-year in April, staying in positive territory for the third straight month, according to the National Bureau of Statistics (NBS).

That compared with a 0.2 percent rise forecast by Bloomberg analysts and was higher than the 0.1 percent increase in March.

"In April, household consumption demand continued to rebound... and the year-on-year increase expanded," the NBS said in a statement.

However, the producer price index sank by 2.5 percent year-on-year, the NBS said. (AFP)

Mainland inflation increases in April