China's consumer prices rose at the slowest pace in more than two years in April, while ex-works producer price contraction deepened, signaling a potential need for more stimulus to boost a mixed post-COVID economic recovery.
The weak rise in consumer prices is reinforced by indications from the trade data that domestic demand remains weak.
According to the National Bureau of Statistics, the consumer price index rose in April by 0.1 percent year on year, the lowest rate since February 2021, down from an annual increase of 0.7 percent in March.
Source (Al-Arabiya.net Website, Edited)
