China April CPI +1.8% on Year; Market Expected +2.0%

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BEIJING–China’s consumer-price index rose 1.8% in April from a year earlier, slower than a 2.4% on-year rise in March, data from the National Bureau of Statistics showed Friday.

The rise in the key inflation gauge undershot the median 2.0% gain forecast by 20 economists in a Wall Street Journal survey.

The CPI declined 0.3% in April compared with March. In March, it dropped 0.5% from the preceding month.

China’s producer-price index fell 2.0% in April from a year earlier, compared with a 2.3% on-year decrease in March, the same data showed. The fall exceeded the median 1.8% decline forecast by the survey.

The PPI also declined 0.2% in April from March. In March, it fell 0.3% from the preceding month.

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