The Big Short is next: China’s consumer price index rose more than expected in April,
China’s consumer price index rose more than expected in April, while wholesale prices suffered a steeper fall, sending Chinese stock indexes lower.
The April CPI showed a gain of 2.4% from a year earlier, led by a 4% rise in food prices, the National Bureau of Statistics said Thursday.
The rise was more than March’s 2.1% increase, though below February’s spike of 3.2%. A survey of economists by Dow Jones Newswires had yielded a 2.2% forecast, while a Reuters poll had called for a 2.3% advance.