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China's CPI rose year-on-year in April, and the decline in PPI narrowed
On May 11, according to the data of the National Bureau of Statistics, China's CPI (consumer price index) rose by 0.3% year-on-year in April affected by factors such as rising international crude oil prices. Affected by the decline in the prices of steel, cement, coal and other commodities in the domestic market, the PPI (industrial producer price index) fell by 2.5% year-on-year, but the decline narrowed. With the development of China's macro policies, it is expected to continue to restore consumer demand and industrial demand.
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