China consumer inflation edges up to 1.5% in April

China’s consumer inflation edged up to 1.5 per cent in April compared with a year ago, missing market expectations and adding to concerns about burgeoning deflationary pressures which are likely to lead to more policy easing. Analysts polled by Reuters had predicted the consumer price index (CPI) would pick up to 1.

6 per cent, compared with 1.4 per cent posted the prior month. The producer price index remained in negative territory for the 37th consecutive month, falling 4.6 per cent, the National Bureau of Statistics said on Saturday,.....

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