(ANSA) – BEIJING, MAY 11 – Inflation in China unexpectedly jumps by 2.1% annually in April, to the highest of the last 5 months, more than 1.5% in March and 1.8% expected by analysts, while producer prices slide to the lows of the last 12 months, settling at 8%, (from 8.3% in March and against the estimated 7.7%), signaling the pressures on raw material costs due to aggression by Russia against Ukraine and persistent supply chain problems.
Food prices, according to the National Statistical Office, rise by 1.9%, for the first time in 5 months and at the widest pace since October 2020, mainly due to the growth of vegetables, fruit, eggs and potatoes . The non-food component also rose by 2.2%, confirming the same values as in March.
On a monthly basis, consumer prices have increased by 0.4%, double the market estimates. (HANDLE).
Source: Ansa
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