Business     

China CPI growth eases to 3.4% in April

Xinhua, May 11, 2012

• China's consumer price index (CPI), a main gauge of inflation, rose 3.4 percent year on year in April, the National Bureau of Statistics (NBS) said Friday.

  The growth eased slightly from the 3.6-percent rate registered in March. It hit a 20-month low of 3.2 percent in February.

  The country's CPI climbed 3.8 percent in the first quarter compared with the previous year. On a monthly basis, CPI edged down 0.1 percent in April, the NBS said.

  Food prices, which account for nearly one-third of the weighting in the calculation of China's CPI, increased 7 percent last month from one year earlier.

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