National Bureau of Statistics of China has published two reports for April. According to the first report, the producer price index in the country grew by 0.9% compared with the same month a year earlier. Its growth rates were the highest since December 2018, helped by an increase in oil and gas prices. In March, industrial inflation was at 0.4%. Economists had expected it to be 0.6% in April. Basically, the rise in producer prices was due to an increase in iron ore production, prices for which rose by 10.6% against a rise of 5.8% in March. Compared to the previous month, producer prices increased in April by 0.3%. The second report showed that consumer prices in China increased by 2.5% in annual terms in April after rising 2.3% a month earlier. April's growth was the highest in six months, confirming the forecasts of experts. Relative to the previous month, consumer prices increased by 0.1% after falling 0.4% in March.
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