CHINA - China's consumer prices increased at a slower pace in April as the cost of fresh vegetables and pork both declined, official data showed on Friday.
The Consumer Price Index (CPI), a main gauge of inflation, increased 1.8 per cent year on year in April, down from 2.4 per cent in the previous month, according to the National Bureau of Statistics (NBS).
Slower increases in food prices were the main contributor to the lower CPI figure. Food prices increased 2.3 per cent year on year, down from 4.1 per cent in March.
Prices of pork, a staple of the Chinese diet, fell 7.2 per cent, dragging down the CPI by 0.21 per centage points. Prices for the whole meat and poultry category dipped 0.7 per cent, dragging down the CPI by 0.05 percentage points.
Fresh vegetable prices went down 7.9 per cent, pulling down the CPI figure by 0.28 percentage points, the NBS said.
TheMeatSite News Desk