The pace of Chinese producer inflation picked up for the first time in seven months in April on the back of higher commodity prices.
Producer price inflation lifted 0.3 per cent year on year to show a 3.4 per cent year-on-year increase in April, according to the National Bureau of Statistics.
The result, which was buoyed by a 4.5 per cent increase in the price of raw materials, narrowly missed a 3.5 per cent median forecast from a Reuters poll of economists.
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