PKIN, May 11 (Reuters) – China’s producer prices rose at their slowest pace in a year in April, despite rising global commodity prices, which should allow more measures to be put in place. raises to support the economy, facing pressures linked to restrictions imposed to fight the coronavirus epidemic.
The producer price index (PPI) increased by 8.0% year on year, the National Bureau of Statistics (BNS) said in a statement on Wednesday.
Analysts polled by Reuters had expected a 7.7% rise in April. In March, this index stood at 8.3%.
The consumer price index (CPI) increased by 2.1% in April on an annual basis, against a rise of 1.5% the previous month. Analysts were forecasting a 1.8% rise.
China’s economy slowed sharply at the start of the second quarter as dozens of cities imposed full or partial lockdowns to control resurgences of the coronavirus outbreak. (Report Liangping Gao and Ryan Woo; French version Camille Raynaud)