China's consumer prices rise for 3rd month, factory deflation persists

China's consumer prices rose for a third straight month in April while producer prices extended their declines, suggesting resilient domestic demand despite a shaky economic recovery. The producer price index (PPI) in April dropped 2.5% from a year earlier, easing from a 2.8% slide the previous month and compared with a forecast 2.3% decline.

China's consumer prices rose for a third straight month in April while producer prices extended their declines, suggesting resilient domestic demand despite a shaky economic recovery. The consumer price index (CPI) in April edged up 0.3% from a year earlier, accelerating from a 0.1% rise in March, data from the National Bureau of Statistics (NBS) showed on Saturday. That was above the 0.2% rise forecast in a Reuters poll.

CPI rose 0.1% from the previous month, reversing a 1% drop in March and above a 0.1% decline predicted by economists. The producer price index (PPI) in April dropped 2.5% from a year earlier, easing from a 2.8% slide the previous month and compared with a forecast 2.3% decline.