China Inflation Rate Rises to 1.5% in April


China's annual inflation rate was recorded at 1.5 percent in April of 2015, edging up from 1.4 percent increase in the previous month and slightly below market consensus. The politically sensitive food prices increased by 2.7 percent while non-food cost rose at a slower 0.9 percent.

Among food, the biggest upward pressure came from cost of: fresh vegetables (+7.2 percent in April from +0.4 percent in March), fresh fruits (+1.5 percent from +6.7 percent) and pork (+8.3 percent, from +2 percent). In contrast, downward pressure came from egg (-3.7 percent from a 5.6 percent), liquid milk and dairy products (-1.7 percent from -1.7 percent) and liqueur (-1.3 percent from -1.4 percent). 

For non-food categories, the biggest price increases were reported for: healthcare  and personal products (+1.8 percent from +1.6 percent) and education services (+3.2 percent from +3.2 percent). Cost of clothing (+2.9 percent from +3.0 percent) and household equipment and maintenance (+1.1 percent from +1.2 percent) moderated. In contrast, downward pressure came from transport and communications (-1.6 percent from -1.5 percent); travel (-0.7 percent from -1.3 percent) and water, electricity, and fuel (-2.0 percent from -1.9 percent).

On a monthly basis, consumer prices declined by 0.2 percent in April, following a 0.5 percent drop in the preceding month.

The producer price index fell by 4.6 percent from a yer earlier in April, the same as in April. The index has been declining since March 2012.

China Inflation Rate Rises to 1.5% in April


National Bureau of Statistics l Rida Husna l rida@tradingeconomics.com
5/9/2015 9:45:05 PM