ECONOMY
May 19, 2022
4 minutes
CPI and PPI
China’s consumer price index (CPI), a main gauge of inflation, rose 2.1 percent year on year in April, the National Bureau of Statistics (NBS) said on May 11.
On a monthly basis, the CPI inched up 0.4 percent partly due to the domestic resurgence of COVID-19 and the continuous rise of bulk commodity prices worldwide, according to Dong Lijuan, a senior statistician with the NBS.
Food prices went up 0.9 percent from the previous month, driving up the monthly consumer inflation by about 0.17 of a percentage point, according to the data.
Non-food prices rose 2.2 percent from a year earlier, the
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