China's April CPI dips 0.1% YoY, rebounds marginally MoM

It had declined by 0.4 per cent MoM in March.

Core CPI, which excludes food and energy prices, rose by 0.5 per cent YoY in the month.

NBS statistician Dong Lijuan said the MoM rebound was primarily driven by food consumption and travels.

Some sectors have shown signs of recovery, backed by China's strong economic fundamentals and resilience, as well as the coordinated implementation of policies, Dong was cited as saying by state-controlled media outlets.

For the January-April period, China's CPI averaged a 0.1-per cent decline YoY.

The country’s producer price index (PPI), which measures costs for goods at the factory gate, went down by 2.7 per cent YoY and 0.4 per cent MoM in April.

The purchasing price of industrial products dropped by 2.7 per cent YoY in the month. Dong attributed the decline primarily to imported international factors and seasonal decrease in prices of certain energy products.

For the January-April period, the PPI fell by an average of 2.4 per cent YoY.

ALCHEMPro News Desk (DS)