CPI Shows Mild Recovery as PPI Growth Accelerates

Deep News12:11

Data released by the National Bureau of Statistics shows that in April, influenced by fluctuations in international crude oil prices and increased travel demand during the holiday, the Consumer Price Index (CPI) rose by 0.3% month-on-month and 1.2% year-on-year. The core CPI also increased by 1.2% year-on-year, indicating a continued mild recovery. Driven by rapid increases in international commodity prices, rising demand in some domestic industries, and continuous optimization of market competition, the Producer Price Index (PPI) rose by 1.7% month-on-month and 2.8% year-on-year. The growth rates for both indicators expanded compared to the previous month.

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