Inflation perturbation
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On Thursday, the stats bureau (NBS) released inflation data for April.
The headlines:
The consumer price index (CPI) rose 0.1% y/y in April, down from 0.7% in March.
The producer price index (PPI) fell 3.6% y/y in April, compared with a 2.5% y/y decline in March.
Base effects are partly responsibl...