China's April inflation: Downbeat across all indicators

According to the latest data published by China’s the National Bureau of Statistics (NBS), the Chinese Consumer Price Index (MoM) (April) came in at -0.2% vs -0.1% exp and -1.1% last, while Consumer Price Index (YoY) (April) was 1.8% vs 1.9% exp and 2.1% last.

Meanwhile, China’s Producer Price Index (YoY) (April) arrived at 3.4% vs 3.5% exp and 3.1% last.