China's April CPI Rises 1.2% Year-on-Year, Exceeding Market Expectations

（Central News Agency, Taipei, May 11th）China's National Bureau of Statistics announced today that the Consumer Price Index (CPI) for April increased by 1.2% year-on-year, and the Producer Price Index (PPI) increased by 2.8% year-on-year, both higher than market expectations.

The National Bureau of Statistics of China released the CPI and PPI economic data for April today.

Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics of China, explained that affected by changes in international crude oil prices and increased holiday travel demand, China's CPI in April increased by 0.3% month-on-month and 1.2% year-on-year. The core CPI, excluding food and energy prices, increased by 1.2% year-on-year, maintaining a moderate recovery.

The increase in CPI in April expanded by 0.2 percentage points compared to March. Among them, industrial consumer goods prices rose by 3.5% in April, an expansion of 1.3 percentage points from March. Affected by fluctuations in international bulk commodity prices, gasoline prices saw an expanded increase of 19.3%, contributing approximately 0.56 percentage points to the year-on-year CPI increase.

Dong Lijuan also stated that affected by the rapid rise in international bulk commodity prices, increased domestic demand in some industries, and continuous optimization of market competition order, China's PPI in April increased by 1.7% month-on-month and 2.8% year-on-year, with increases larger than the previous month. (Edited by: Lu Jiarong / Chen Kaiyu) 1150511

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