China April CPI rises 2.4pc, PPI falls 2.6pc

China’s annual consumer inflation quickened to 2.4 per cent in April from March’s 2.1 per cent, data showed on Thursday, above the market consensus and fanning worries over rising inflation pressure in the second quarter.

The National Bureau of Statistics also said that China’s producer prices dropped 2.6 per cent in April, sharper than an annual drop of 1.9 per cent in March.

Economists polled by Reuters had forecast April inflation to quicken to 2.3 per cent and factory gate prices to fall 2.3 from a year earlier.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1233484/china-april-cpi-rises-24pc-ppi-falls-26pc