11 May 2011 05:08 [Source: ICIS news]
GUANGZHOU (ICIS)--China’s inflation eased slightly in April from the month before, with the consumer price index (CPI) and producer price index (PPI) expanding by 5.3% and 6.8% respectively year on year, the National Bureau of Statistics (NBS) said on Wednesday.
CPI is a gauge of retail price while PPI is a measure of wholesale price.
The producers’ purchase price of raw materials increased by 10.4% year on year in April, with fuel prices rising by 11.6% and raw chemicals prices increasing by 11.7%, the bureau said.
From January to April, industrial output grew by 14.2% while fixed asset investments increased by 25.4% from the same period a year before, the NBS said.
On a year-on-year basis, total retail sales gained 17.1% in April and 16.5% in the first four months, NBS statistics also showed.Analysts predict that inflation may decrease from June and the government is expected to ease its tight monetary policies by the third quarter.
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