Inflation data released in China this morning showed that the annual consumer price index recorded a growth of only 3.3% during the month of April, which is worse than expected and recorded a growth of 3.7%, and of course worse than the previous reading, which recorded a growth of $ 4.3 during March, This is mainly due to the decline in oil prices witnessed throughout the month of April.
Likewise, the annual PPI reading was worse than expected, as the index fell by about 3.1% during the same period, worse than expected, and it retreated by only 2.6%, and worse than the previous reading, which saw a decline of 1.5% during March.