China April CPI Inflation At 5.3%; PPI Inflation At 6.8%
(For April 2011)
China Consumer Price Index was up 5.3% in April, vs. 5.2% consensus and 5.4% March reading. Food CPI edged lower from 11.7% y-o-y to 11.5% y-o-y; Non-food CPI remained at 2.7% y-o-y.
China Producer Price Index was up 6.8% vs. 7.0% consensus and 7.3% March reading. Declining which is a good sign for the CPI.
Overall, PBOC efforts to contain inflation are catching up.
