According to data from the National Bureau of Statistics released on Wednesday stated that China’s a consumer and producer prices rose higher in April. The consumer price index last month rose 2.1% from a year ago, driven by a rise in the cost of energy and fresh vegetables.
The prices of fresh vegetables rose 24 per cent year-on-year in April, while the prices of fresh fruits increased by 14.1% during that period. Pork prices, a major contributor to China’s CPI, posted a relatively rare 1.5% increase over the past month for a more moderate decline of 33.3% year-on-year.
Fuel prices for transportation rose 28.4% from a year ago, reflecting the recent jump in oil and commodities prices.