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China Consumer Prices Rise
World Economy

China Consumer Prices Rise

China’s consumer prices in April rose at half the pace the government is targeting for 2015, suggesting the central bank may need to add to its recent monetary easing to spur a pickup in domestic demand. The consumer-prices index increased 1.5% from a year earlier, missing the median estimate of 1.6% in a Bloomberg News survey of analysts, a release from China’s statistics authority showed in Beijing. The producer-prices index fell 4.6 percent, extending a record stretch of declines. The central bank has cut benchmark interest rates and the required deposit reserve ratio twice in the past six months to aid growth. Central bank chief Zhou Xiaochuan has flagged the risks of deflation in an economy.

 

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