China’s consumer inflation accelerated to 1.2% in April, surpassing expectations and marking the highest level since September 2023.
China’s Consumer Price Index increased 1.2% year-over-year in April, up from 1.0% in March, according to official data. The print exceeded the 0.8% consensus forecast, signaling a pickup in domestic price pressures.
Analysts had anticipated a modest rise following March’s 1.0% reading, which was the lowest in three months. The April figure represents the strongest inflation since September 2023, though it remains below the government’s annual target of around 3%.
The data reflects recovering demand in key sectors, though economists caution that broader deflationary risks persist amid uneven economic growth.