Surging food prices to drive CPI in April
0 
Surging food prices and the strong economic rebound may trigger a record surge in China's Consumer Price Index (CPI) during April, analysts said on Tuesday.
The key inflation gauge may increase by around 2.8 percent year on year in April, 0.4 percentage points higher than that of March. During February, the CPI grew by 2.7 percent - the fastest clip in 15 months.
Though the gauge did show a 0.7 percent decline on a month-to-month basis in March, analysts said that it would increase in April.
The National Bureau of Statistics is expected to issue April's economic data on May 11.
Dong Xian'an, chief macroeconomic analyst with Industrial Securities, expects the CPI to rise by 2.8 percent in April, driven by a possible 5.5 percent year-on-year hike in food prices during the same time.
Go to Forum >>0 Comments