Inflation rate declines due to resumption of economic activity in China New Corona May 12 13:00
China's CPI last month rose 3.3% compared to the same month last year. In China, prices were soaring for a while due to the spread of the new coronavirus, but the rate of increase decreased by 1 point from the previous month due to the recovery of production and logistics.
The CPI released last month, released by the National Bureau of Statistics of China, rose 3.3% compared to the same month last year, rising by 1 percentage point from 4.3% in the previous month.
In China, due to the spread of the new coronavirus, the production and logistics of companies were delayed, and the rate of increase in consumer prices temporarily exceeded 5%.
However, the Chinese government has resumed economic activities as "basically suppressed domestic infections" and improved production and logistics, which reduced food prices and other factors, leading to a rise in the consumer price index for three months. It has decreased continuously, and last month it was in the 3% range for the first time in 6 months since last October.
However, while corporate production activities have become more active and the supply capacity of various products has increased, domestic demand is unlikely to recover. It was 3.1% lower than the month, the lowest level in four years since April 2016.