China inflation up 5.3%, PPI up 6.8% as prices ease slightly

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.

In March, CPI and PPI rose by 5.4% and 7.3% year on year, respectively, according to the NBS.

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.

By: Fanny Zhang
+65 6780 4359

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