China's April PPI Growth Rate Estimated to Continue Rebounding by Institutions
Multiple institutions predict that China's April Consumer Price Index (CPI) will remain stable or slightly decline, while the Producer Price Index (PPI) will continue its rebound. The PPI's acceleration is attributed to rising international crude oil prices, increased electronic component costs due to AI investment, and domestic policies.
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- 📰 Published: May 6, 2026 at 15:11
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Central News Agency
(Central News Agency reporter Li Yawen, Taipei, 6th) China's National Bureau of Statistics is about to release the year-on-year growth rates for the April Consumer Price Index (CPI) and Producer Price Index (PPI). Institutions estimate that the CPI year-on-year growth rate will remain stable or slightly decline; the PPI year-on-year growth rate will continue to rebound, following previous trends.
China's National Bureau of Statistics will release CPI and PPI data for April on the 11th, with several institutions already publishing their forecasts.
The Paper reported on the 6th that multiple institutions assess that the April CPI year-on-year growth rate will remain stable or slightly decline. CICC, Huatai Securities Research Institute, Zheshang Securities Macro Research Team, and Oriental Jincheng's forecast values are around 1.0%, 0.7%, 0.8%, and around 1.1%, respectively. The Zheshang Securities Macro Research Team believes that seasonal effects continued in April, with CPI showing a slight month-on-month decrease and a continuous year-on-year recovery.
Multiple institutions predict that the April PPI year-on-year growth rate will continue to rebound. CICC, Huatai Securities Research Institute, Industrial Bank Research, Zheshang Securities Macro Research Team, and Oriental Jincheng's forecast values are around 1.8%, 1.1%, 2.0%, 1.3%, and around 1.5%, respectively.
Oriental Jincheng expects the April PPI year-on-year growth rate to accelerate from 0.5% to around 1.5%. Although the ex-factory price index and the main raw material purchase price index in the April Manufacturing Purchasing Managers' Index (PMI) slightly decreased, they remained at a relatively high level, indicating that the price increase process is still ongoing.
Oriental Jincheng mentioned that in addition to the rise in international crude oil prices, electronic component prices such as chips have also been rising since the beginning of the year, driven by the artificial intelligence (AI) investment boom. Furthermore, the domestic "anti-involution" (opposing excessive competition leading to internal friction) continues to advance, providing support for prices of coal, steel, and other commodities.
The Zheshang Securities Macro Research Team believes that affected by rising international raw material prices, the compensatory price increases for midstream products are gradually becoming apparent, which may cause mid-to-downstream industries to face increasingly high costs on one hand and weak demand on the other. With the叠加 effect of a favorable base and the transmission of imported inflation, the April PPI year-on-year growth rate will continue its passive rebound trend.
According to previously released statistics from China's National Bureau of Statistics, the CPI year-on-year growth rate in March was 1%, a decrease of 0.3 percentage points from February, remaining above "1" for two consecutive months; the PPI year-on-year growth rate in March was 0.5%, an increase of 1.4 percentage points from February, marking the first positive year-on-year growth rate in 41 months. (Editor: Lu Jiarong) 1150506
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(Central News Agency reporter Li Yawen, Taipei, 6th) China's National Bureau of Statistics is about to release the year-on-year growth rates for the April Consumer Price Index (CPI) and Producer Price Index (PPI). Institutions estimate that the CPI year-on-year growth rate will remain stable or slightly decline; the PPI year-on-year growth rate will continue to rebound, following previous trends.
China's National Bureau of Statistics will release CPI and PPI data for April on the 11th, with several institutions already publishing their forecasts.
The Paper reported on the 6th that multiple institutions assess that the April CPI year-on-year growth rate will remain stable or slightly decline. CICC, Huatai Securities Research Institute, Zheshang Securities Macro Research Team, and Oriental Jincheng's forecast values are around 1.0%, 0.7%, 0.8%, and around 1.1%, respectively. The Zheshang Securities Macro Research Team believes that seasonal effects continued in April, with CPI showing a slight month-on-month decrease and a continuous year-on-year recovery.
Multiple institutions predict that the April PPI year-on-year growth rate will continue to rebound. CICC, Huatai Securities Research Institute, Industrial Bank Research, Zheshang Securities Macro Research Team, and Oriental Jincheng's forecast values are around 1.8%, 1.1%, 2.0%, 1.3%, and around 1.5%, respectively.
Oriental Jincheng expects the April PPI year-on-year growth rate to accelerate from 0.5% to around 1.5%. Although the ex-factory price index and the main raw material purchase price index in the April Manufacturing Purchasing Managers' Index (PMI) slightly decreased, they remained at a relatively high level, indicating that the price increase process is still ongoing.
Oriental Jincheng mentioned that in addition to the rise in international crude oil prices, electronic component prices such as chips have also been rising since the beginning of the year, driven by the artificial intelligence (AI) investment boom. Furthermore, the domestic "anti-involution" (opposing excessive competition leading to internal friction) continues to advance, providing support for prices of coal, steel, and other commodities.
The Zheshang Securities Macro Research Team believes that affected by rising international raw material prices, the compensatory price increases for midstream products are gradually becoming apparent, which may cause mid-to-downstream industries to face increasingly high costs on one hand and weak demand on the other. With the叠加 effect of a favorable base and the transmission of imported inflation, the April PPI year-on-year growth rate will continue its passive rebound trend.
According to previously released statistics from China's National Bureau of Statistics, the CPI year-on-year growth rate in March was 1%, a decrease of 0.3 percentage points from February, remaining above "1" for two consecutive months; the PPI year-on-year growth rate in March was 0.5%, an increase of 1.4 percentage points from February, marking the first positive year-on-year growth rate in 41 months. (Editor: Lu Jiarong) 1150506
Choose to stand with facts, every sponsorship you make is the power to protect press freedom.
Download the Central News Agency "First-Hand News" APP to stay updated with the latest news.
The text, images, and audio-visual content on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.