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China consumer prices fell in April for third straight month: official data
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Beijing, May 10 (AFP) May 10, 2025
Consumer prices in China slumped in April for the third straight month, official data showed Saturday, as Beijing attempts to revive an economy stymied by sluggish spending and a fierce trade war with Washington.

The world's second-largest economy has grappled with persistent deflationary pressure in recent years, with longstanding woes in the property sector and export headwinds impeding growth.

The consumer price index (CPI) -- a key measure of inflation -- was down 0.1 percent last month year-on-year, according to data released by the National Bureau of Statistics (NBS), following previous drops in February and March.

The reading was in line with a Bloomberg forecast of a 0.1 percent year-on-year decline based on a survey of economists, and consistent with the slight drop recorded in March.

The latest figures come ahead of Saturday's start to a meeting of key economic officials from China and the United States in Switzerland, offering a potential offramp for the high-stakes trade war launched by President Donald Trump.

NBS statistician Dong Lijuan said Saturday in a statement about the data that "international imported factors have a certain downward impact on prices in some industries".

US tariffs on imports from the manufacturing powerhouse now stand at a staggering 145 percent for many products -- and reach as high as 245 percent cumulatively on others.


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