April consumer prices rise by 0.9pc in ChinaBusiness | 11 May 2021 10:50 am
China's consumer price index (CPI), a main gauge of inflation, posted faster growth in April as domestic demand continued to pick up, official data showed Tuesday, state media Xinhua reports.
The CPI increased by 0.9 percent year on year in April, faster than the 0.4 percent rise recorded in March, according to data from the National Bureau of Statistics (NBS).
On a monthly basis, the CPI fell by 0.3 percent in April, compared with the 0.5 percent decline in March.
The domestic consumer demand continued to recover and overall prices were kept stable last month, said Dong Lijuan, an NBS senior statistician.