China's inflation eased last month

Note: This section contains information in English only.
Source: Marketwatch
China's CPI slowed down in April, increasing hopes for more loosening monetary policy in the country. The CPI grew by 3.4% last month on an annual basis, slumping by 0.1% from the preceding month. At the same time, PPI slid by 0.7% last month on a yearly basis, declining slightly faster than a forecast of a 0.5% fall. Additional economic data releases due later today are likely to stimulate more accommodative policies from the government to boost growth.



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