China's consumer price index (CPI) in April this year rose by 3.4 percent year on year but was down by 0.1 percent month on month, while in the first four months of the year the country's CPI increased by 3.7 percent compared to the same period of last year, according to China's National Bureau of Statistics.
In the given month, China's producer price index (PPI) was down 0.7 percent year on year but registered a month-on-month increase of 0.2 percent. The 0.7 percent drop was the second consecutive year-on-year decline. In March, China's PPI had indicated its first year-on-year fall since December 2009. In April, producer purchase prices went down 0.8 percent year on year, but were unchanged month on month. Meanwhile, in the first four months of the current year, China's PPI decreased by 0.1 percent, while producer purchase prices rose by 0.6 percent, both year on year.