China's consumer inflation rebounds, PPI decline deepens in April

China's consumer prices edged up in April from the previous month, reversing a decline in March, while factory-gate prices extended their year-on-year slide, official data showed on Saturday.

The consumer price index (CPI) rose 0.1 percent in April on a month-on-month basis, after falling 0.4 percent in March, according to the National Bureau of Statistics (NBS). On a yearly basis, the CPI fell by 0.1 percent, unchanged from the previous month.

Meanwhile, the producer price index (PPI) dropped 0.4 percent month on month, matching March's pace. The PPI fell by 2.7 percent on a year-on-year basis, widening from the 2.5 percent drop recorded in March.

Dong Lijuan, chief statistician at the NBS, attributed the change to external factors, noting that imported influences have weighed on prices in certain industries.

However, Dong emphasized that China's economic fundamentals remain solid and resilient, supported by coordinated macroeconomic policies and steady progress in high-quality development. Some sectors are beginning to show signs of positive price momentum, Dong added.