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China: April inflation rises to + 2.1%, to a 5-month high

2022-05-11T02:53:04.562Z


Inflation in China surprisingly jumps to 2.1% a year in April, to a high of the last 5 months, more than 1.5% in March and 1.8% expected by analysts, while producer prices slide at the lows of the last 12 months, settling at 8%, (from 8.3% ... (ANSA)


(ANSA) - BEIJING, MAY 11 - Inflation in China jumps to a surprise by 2.1% annually in April, to the highest levels of the last 5 months, more than 1.5% in March and the 1.8% expected by analysts , while producer prices slide to the lows of the last 12 months, settling at 8%, (from 8.3% in March and against the estimated 7.7%), signaling the pressures on raw material costs due to the aggression of Russia to the detriment of Ukraine and persistent supply chain problems.


    Food prices, according to the National Bureau of Statistics, rose by 1.9%, for the first time in 5 months and at the widest pace since October 2020, mainly due to the growth of vegetables, fruit, eggs and potatoes.

The non-food component also rose by 2.2%, confirming the same values ​​as in March.


    On a monthly basis, consumer prices have increased by 0.4%, double the market estimates.

(HANDLE).


Source: ansa

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