According to information shared at a press conference held by the National Development and Reform Commission today, with the deepening implementation of a series of macroeconomic policies, the supply-demand relationship in China's market is expected to further improve, and prices are projected to continue operating within a reasonable range. In April, China's Consumer Price Index (CPI) rose by 1.2% year-on-year, maintaining a mild increase of over 1% for the third consecutive month. Meanwhile, the Producer Price Index (PPI) has continued to rise for the second month in a row, reflecting changes in demand across related sectors. For CPI, driven by holiday effects from Qingming Festival, Labor Day, and spring breaks in some regions, residents' travel demand increased, leading to higher-than-seasonal price increases in services such as tourism, hotel accommodation, and vehicle rental. For PPI, accelerated green transformation and rapid development of artificial intelligence have spurred demand growth in related industries. Li Chao, spokesperson for the National Development and Reform Commission, stated: "Overall, prices in April continued the mild recovery trend observed since the second half of last year, sending positive signals of improved supply-demand dynamics and optimized market order. Looking ahead, although uncertainties remain in international energy price trends, China's economy possesses strong resilience, with ample supply capacity in the commodity and service markets, providing a solid foundation for maintaining overall price stability. As a series of macroeconomic policies are further implemented, the market supply-demand relationship is expected to improve, and prices are anticipated to continue operating within a reasonable range."
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