Econintersect: China's CPI (Consumer Price Index) was 1.6% for April (year-over-year) and food inflation was down sharply from March (4.1%) with a reading of 2.3%. The PPI (Producer Price Index) experienced its 25th consecutive month of deflation, down 2% year-over-year. The continuing deflation at the factory level is a result of the vast over-capacity that China has built over the past decade. The reported data had little effect on Asian stocks as trading was mixed and little changed after the data was released.
The last two years of CPI and PPI data is presented below by Trading Economics.
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