China's consumer price index, a main gauge of inflation, rose 1.2 percent year on year in April, the National Bureau of Statistics said Wednesday. The growth quickened from March's 0.9 percent expansion and February's 0.8 percent. On a monthly basis, the CPI climbed 0.1 percent, according to the National Bureau of Statistics (NBS). NBS attributed the pick-up in CPI to higher non-food prices, which grew 2.4 percent year on year in April. Food prices, however, declined 3.5 percent as vegetable prices fell 21.6 percent from a year earlier on ample supplies. The costs of pork and eggs dropped 8.1 percent and 11.4 percent, respectively. China's producer price index (PPI), which measures costs for goods at the factory gate, rose 6.4 percent year on year in April. The pace further eased from the 7.6 percent registered in March, according to the National Bureau of Statistics. |
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