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China April CPI rises 1.8% YOY; PPI climbs 3.4% YOY

China's consumer price index rose 1.8% year over year in April following a 2.1% annual gain in March, National Bureau of Statistics data showed.

On a monthly basis, the CPI slid 0.2% in April after it fell 1.1% in March, driven mainly by a 1.9% decline in food prices.

China's producer price inflation rose for the first time in seven months, Reuters reported. The producer price index, or PPI, increased 3.4% year over year in April after a 3.1% annual rise in March. Prices of the means of production rose 4.5% year over year, while prices of consumer goods inched up an annual 0.1%.

On a monthly basis, the PPI fell 0.2% in April, unchanged from March, the NBS said.