| China's CPI falls 1.5% in April |
|
| Tuesday,May 12,2009 Posted: 09:02 BJT(0102 GMT) |
| From:za Article type:Original |
China's consumer price index (CPI), the main gauge of inflation, fell 1.5 percent year on year in April, the National Bureau of Statistics (NBS) said Monday.It was the third decline in a row since February, when the CPI dropped 1.6 percent, which in turn was the first fall since October 2002.
Meanwhile, producer price index (PPI), a major measure of inflation at the wholesale level, dropped 6.6 percent in April.
The result was in line with market expectations and analyst forecasts. |