China’s consumer prices saw a slight uptick in April, reversing a dip from the previous month, while factory prices continued their downward trend, according to the National Bureau of Statistics (NBS).
The consumer price index (CPI), a key gauge of inflation, rose by 0.1% in April compared to March, when it had fallen by 0.4%. On a yearly basis, the CPI remained steady with a 0.1% decline, mirroring the previous month’s figure.
Meanwhile, the producer price index (PPI), which measures costs for goods at the factory gate, dropped by 0.4% month-on-month, consistent with March’s pace. Year-on-year, the PPI fell by 2.7%, marking a deeper decline than the 2.5% decrease recorded in March.
Dong Lijuan, chief statistician at the NBS, noted that external factors, including imported influences, have weighed on prices in certain industries. However, Dong emphasized that the Chinese mainland’s economic fundamentals remain solid and resilient.
“Supported by coordinated macroeconomic policies and steady progress in high-quality development, some sectors are beginning to show signs of positive price momentum,” Dong added.
These trends highlight the complex dynamics of the Chinese mainland’s economy as it navigates global economic pressures and works toward sustainable growth.
