CPI increased 5.3% y/y in April.

By bne IntelliNews May 12, 2011
China's consumer price index (CPI) increased 5.3% y/y in April this year, rising above 5% for a second straight month in the midst of rising inflationary pressure. As reported by Asia Pulse, according to the data released by the National Bureau of Statistics, the CPI posted a 5.4% y/y growth in March this year. The country is likely to persistently experience rising pressure in consumer prices, because global commodities prices continue to increase largely as a result of the weak U.S. dollar and unsteady political conditions in the Middle East.
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