China's CPI rises 0.3% YoY, 0.1% MoM in Apr 2024; core CPI up 0.7% YoY

Insights

• China's consumer price index (CPI) increased by 0.3 per cent YoY in April, according to the National Bureau of Statistics.
• It rose by 0.1 per cent in the month on a monthly basis, reversing the 1-per cent drop from the previous month.
• The core CPI, excluding food and energy prices, went up by 0.7 per cent YoY in the month, expanding by 0.1 percentage points