China April consumer inflation steady at 2.3 pct y/y, below forecasts

Analysts polled by Reuters predicted the consumer price index (CPI) would rise 2.4 percent.

Producer prices fell 3.4 percent, a slightly smaller decline than expected and easing from the previous month's fall of 4.3 percent.

The market had expected producer prices to fall 3.8 percent on an annual basis.