BEIJING, China – China’s inflation rate rose slightly to 1.5 per cent in April, up from the previous month’s 1.4 per cent, but still provides plenty room for monetary easing for the world’s second-largest economy, according to official data released Saturday.
The latest consumer price index was lower than in March but went up 1.5 per cent year over year.
The inflation rate increased 1.3 per cent in the first four months over the same period last year, according to data from the National Bureau of Statistics.
The inflation rate came in lower than expected, which will leave room for the government to ease its monetary policies.
China’s economy grew 7.4 per cent last year, the lowest growth in more than two decades. The economic slowdown is expected to persist.