Posted by: youngragingbull | May 9, 2013

China’s April CPI rises faster than expected

China’s consumer price index rose slightly more than expected in April, while wholesale prices extended their fall, the National Bureau of Statistics reported Thursday.

The April CPI showed a gain of 2.4% from a year earlier, led by a 4% rise in food prices, the agency reported. The gain was more than March’s 2.1%, though below February’s spike of 3.2%.

A survey of economists by Dow Jones Newswires had yielded a 2.2% forecast, while a Reuters poll had called for a 2.3% advance.

The producer price index, meanwhile, fell by the most since October, dropping 2.6% against a decline of 1.9% in March. Both Reuters and Dow Jones Newswires had forecasted a 2.3% drop.

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