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China's consumer inflation eases to 3.3 pct in April

2020-5-12 14:07

 

BEIJING, May 12 (Xinhua) -- China's consumer inflation eased in April on falling food prices as the country fast-tracks restoration of economic activities amid consolidated epidemic containment efforts, official data showed Tuesday.

China's consumer price index (CPI), the main gauge of inflation, grew 3.3 percent year on year last month, moderating from the 4.3-percent gain in March, according to data from the National Bureau of Statistics.

On a monthly basis, consumer prices went down 0.9 percent. Food prices, which account for nearly one-third of weighting in China's CPI, dropped 3 percent last month.

In breakdown, vegetable prices fell 8 percent from March over rising supplies as the weather warms, and pork prices continued to retreat amid recovering hog production. Prices of the staple meat in China dropped 7.6 percent in April from a month earlier.

Compared with the same period last year, food prices remained the main driver of consumer inflation in April, while its growth rate tapered from March to 14.8 percent.

In the first four months of this year, CPI went up 4.5 percent year on year on average.

Tuesday's data also showed China's producer price index, which measures inflation at the factory gates, fell 3.1 percent year on year last month.

 

北京,5月12日(新华社)——周二的官方数据显示,由于食品价格下跌,中国4月份的消费者通货膨胀有所缓解。


国家统计局的数据显示,上个月,通货膨胀的主要指标——中国消费者价格指数(CPI)同比上涨3.3%,较3月份4.3%的涨幅有所回落。


消费价格环比下降0.9%。占中国CPI权重近三分之一的食品价格上个月下跌了3%。


具体来说,由于天气变暖导致供应增加,蔬菜价格较3月份下降了8%,猪肉价格随着生猪产量的恢复而继续下跌。4月份,中国的主要肉类价格比前一个月下降了7.6%。


与去年同期相比,食品价格仍是4月份消费者通胀的主要驱动因素,而其增长率从3月份开始下降,降至14.8%。


今年前4个月,CPI同比平均上涨4.5%。


周二公布的数据还显示,上月中国生产者价格指数(ppi)较上年同期下降3.1%。

 

来自: xinhua