BEIJING (Reuters) -China’s consumer prices fell for the third month in a row in April while producer deflation worsened, as policymakers navigate the economic impact of a trade war with the United States.
The consumer price index edged down 0.1% last month from a year earlier, matching a 0.1% drop in March, National Bureau of Statistics data showed on Saturday. That also matched a Reuters poll forecast of a 0.1% dip.
CPI was up 0.1% month-on-month versus the 0.4% fall in March and compared with economists’ forecasts for no change in prices.
The producer price index dropped 2.7% in April year on year, worsening from a 2.5% decline in March. Economists had projected a 2.8% fall.
(Reporting by Qiaoyi Li, Sophie Yu and Ryan Woo; Editing by Jacqueline Wong)
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