China’s consumer prices rose faster than expected in April, signaling potential demand recovery amid economic reopening.
China’s consumer price index increased 1.2% year-over-year in April, up from 1.0% in March, the National Bureau of Statistics reported. The print surpassed the 0.8% consensus forecast, marking the highest inflation rate since September 2023.
Analysts had anticipated a modest uptick following March’s 1.0% reading, which followed a 0.7% rise in February. The April figure reflects rising food and energy costs, alongside improving domestic consumption as pandemic restrictions eased.
Markets are monitoring the data for signs of sustained inflationary pressures, which could influence monetary policy expectations.