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

By Reuters   May 10, 2016 | 08:52 am GMT+7

China's consumer prices rose 2.3 percent in April from the same period last year, the same pace as in March and slightly less than markets had expected, data showed on Tuesday.

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.

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