FOREX TradingCharts.com

Financial News: China Inflation Rises; PPI Inflation Slows In April

China Inflation Rises; PPI Inflation Slows In April

05/11/2022 - 02:30:00 (RTTNews)

(RTTNews) - China's consumer price inflation rose more-than-expected in April on rising food prices, while factory gate inflation slowed moderately, official data revealed on Wednesday.

Consumer price inflation rose to 2.1 percent in April from 1.5 percent in March, the National Bureau of Statistics said. Economists had forecast inflation to rise to 1.8 percent.

The government targets around 3 percent inflation for the whole year of 2022.

Food prices moved up 1.9 percent, in contrast to the 1.5 percent fall in March. The increase partly reflects higher cost of transportation and the rising need for stockpiling of food products. Non-food prices increased 2.2 percent.

Core inflation that excludes energy and food prices eased to 0.9 percent from 1.1 percent in March.

On a monthly basis, consumer prices climbed 0.4 percent. Although the increase was slower than the 0.6 percent rise in March, the rate exceeded the expected 0.2 percent.

In a separate communiqué, the NBS said producer price inflation slowed to 8.0 percent in April from 8.3 percent in March. The rate was expected to ease more sharply to 7.7 percent.

Despite the increase in April, consumer price inflation remains relatively subdued and there are already signs in the producer price data of upstream price pressures easing, economists at Capital Economics, said.

Coupled with weak consumer demand, this means CPI inflation is likely to remain well below the government's annual target of 3 percent this year. As such, inflation is unlikely to be a constraint on policy action by the People's Bank of China, the firm noted.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


South Africa Wholesale Sales Growth Slows In March (01 hr(s), 13 min(s), 10 sec(s) ago)
(RTTNews) - South Africa's wholesale trade rose for the fifth month in a row in March, albeit ...Full Story»

Malaysia Trade Surplus Falls In April (02 hr(s), 52 min(s), 10 sec(s) ago)
(RTTNews) - Malaysia's trade surplus decreased in April with exports and imports increasing at ...Full Story»

Sweden Capacity Utilization Increases In Q1 (03 hr(s), 59 min(s), 10 sec(s) ago)
(RTTNews) - Sweden's capacity utilization rose marginally in the first quarter, data from Stat ...Full Story»

Australia Jobless Rate Eases To 3.9% In April (50 sec(s) ago)
(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in Apr ...Full Story»

Japan Core Machine Orders Jump 7.6% On Year In March (43 min(s), 50 sec(s) ago)
(RTTNews) - The value of core machine orders in Japan was up 7.6 percent on year in March, the Cab ...Full Story»

Japan Has Y839.2 Billion Trade Deficit In April (33 min(s), 50 sec(s) ago)
(RTTNews) - Japan posted a merchandise trade deficit of 839.2 billion yen in April, the Ministry o ...Full Story»

New Zealand PPI Inputs +3.6% On Quarter, Outputs +2.6% In Q1 (28 min(s), 50 sec(s) ago)
(RTTNews) - Producer price inputs in New Zealand were up 3.6 percent on quarter in the first quart ...Full Story»

Australia Unemployment Data On Tap For Thursday (23 min(s), 50 sec(s) ago)
(RTTNews) - Australia will on Thursday release April jobless figures, highlighting a busy day for ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

South Africa Wholesale Sales Growth Slows In March

05/19/2022 - 06:23 AM (RTTNews)
(RTTNews) - South Africa's wholesale trade rose for the fifth month in a row in March, albeit ...Full Story>>

Malaysia Trade Surplus Falls In April

05/19/2022 - 04:44 AM (RTTNews)
(RTTNews) - Malaysia's trade surplus decreased in April with exports and imports increasing at ...Full Story>>

Sweden Capacity Utilization Increases In Q1

05/19/2022 - 03:37 AM (RTTNews)
(RTTNews) - Sweden's capacity utilization rose marginally in the first quarter, data from Stat ...Full Story>>

Australia Jobless Rate Eases To 3.9% In April

05/18/2022 - 21:37 PM (RTTNews)
(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in Apr ...Full Story>>

Japan Core Machine Orders Jump 7.6% On Year In March

05/18/2022 - 20:20 PM (RTTNews)
(RTTNews) - The value of core machine orders in Japan was up 7.6 percent on year in March, the Cab ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.