China's consumer inflation jumps to 6-month high
China's consumer inflation accelerated to a six-month high in April driven by strong gains in food prices, official data showed Thursday.
The consumer-price index rose 2.5% in April from a year earlier, compared with a 2.3% growth in March, the National Bureau of Statistics said. The key inflation reading was in line with a median forecast of economists polled by The Wall Street Journal.
Food prices in April rose 6.1% from a year earlier, the strongest pace in three years, after climbing 4.1% in March.
Fresh vegetable prices surged 17.4% on year, picking up from March's 16.2% increase and lifting the headline inflation by 0.43 percentage point. Pork prices rose 14.4% from a year earlier in April, compared with a 5.1% rise in March, lifting the headline index by 0.31 percentage point....MORE
