Braking Down The News

China Consumer Inflation Accelerates Modestly

Consumer prices were up 2.1% in April, the fastest pace in five months, as growth took a hit from widespread Covid-prevention measures

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HONG KONG—China’s consumer inflation edged up in April and factory-gate price pressures remained elevated as Covid-19 lockdowns jammed up logistics networks and the Ukraine war pushed up global energy prices.

China’s consumer-price index in April was up 2.1% from a year earlier, official data showed Wednesday, the fastest pace in five months—accelerating from March’s 1.5% and topping the 2% median forecast of economists polled by the Journal.

 

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