CPI declines, but deflation fears ease
By Wang Xu | China Daily | Updated: 2009-05-12 07:49
The specter of deflation is fading even though consumer and producer prices have continued to fall, economists said yesterday.
The Consumer Price Index (CPI), a key gauge of inflation, fell 1.5 percent in April from a year earlier, the third straight month of decline.
The index declined at a quicker pace in April, the National Bureau of Statistics said yesterday. The drop was 1.2 percent in March.
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