China April inflation ticks up to 1.2pcBusiness | 10 May 2017 12:10 pm
China's consumer price index (CPI), a main gauge of inflation, climbed by 1.2 percent year-on-year in April, official data showed today.
The growth quickened from March's 0.9 percent expansion and February's 0.8 percent. On a monthly basis, the CPI climbed by 0.1 percent, according to the National Bureau of Statistics.
NBS attributed the pick-up in CPI to higher non-food prices, which grew by 2.4 percent on-year in April.
Food prices, however, declined by 3.5 percent as vegetable prices fell 21.6 percent from a year earlier on ample supplies. The cost of pork and eggs dropped by 8.1 percent and 11.4 percent, respectively.-Xinhua