China's consumer price index up by 2.5 pct in April, producer price by 0.9 pct

China's producer price index (PPI) rose 0.9 per cent year-on-year in April, its fastest pace since December 2018 and picking up from a 0.4 per cent increase in March, data from the National Bureau of Statistics (NBS) showed on Thursday. Analysts polled by Reuters had expected factory gate inflation would nudge up to 0.6 per cent in April.

The consumer price index (CPI) increased 2.5 per cent in April from a year earlier, its fastest pace in six months. It was also more than the 2.3 per cent rise in the previous month and in line with analyst forecasts. 

(With inputs from agencies.)